Setting up a minimum price for a SKU prevents the SKU from being sold below the specified price. This minimum price overrides any sales or discount rules applied to the SKU.
2. Overview of Inventory Menu:
Step 1: Select the SKUs tab.
Step 2: Select a SKU from the list to apply the Min. Price to.
Step 3: Click on the Min. Price field in the SKU Info tab.
3. Overview of Min. Price Menu.
Step 1: Select the SKU you wish to add a Min. Price rule for. (Default is the SKU selected in the inventory menu).
Step 2: Select the Start and End dates for the Min. Price rule.
Step 3: Choose the minimum Sell Price that the SKU will not fall under regardless of any sales or discounts applied to it.
Step 4: Add and finalize the Min. Sell Price to the SKU(s) selected.
Step 5: Select Close to return back to the inventory menu.
4. An optional method is the Advanced Rule editor: here you can edit your minimum price at higher detail.