Rounding Rules
You can round them to realistic retail values whenever you update prices according to your specific rounding rules.
Assume, for example, you want to discount a specific category of items by 10% but want the prices rounded up to the nearest dollar and end with a value of $0.99.
It would help if you used the function to perform price rounding.
This menu helps you in creating the Rounding Rules. Click on the menu Products> Price Levels, then Rounding Rules.
Perform price rounding
Select this option to specify the rounding method and rounding rules.
You can choose from three rounding methods:
- Round to nearest
- Round up or
- Round down.
Whenever you round item prices, apply the specified price ranges and rounding rules to determine the final prices.
Starting Price Range: Enter one or more price ranges to apply price rounding to items within particular price ranges, for example, $300 to $500.00.
The Adjusted Price Will Be:
Enter the rules to round to a particular amount. For example, to round to the nearest dollar and have the prices end with .95.
Select the Make price a multiple of checkbox and enter 1.00, and then select the Then end price with checkbox and enter 0.95.
Rounding method
Select one of the following rounding methods.
Round to nearest: If selected, rounds the discounted/updated price(s) to the nearest retail value.
Round up: If selected, rounds the discounted/updated price(s) to the nearest retail value above or equal to the changed price.
Round down: If selected, rounds the discounted/updated price(s) to the nearest retail value below or equal to the changed price.
On completion, click on the Save button.