Products can have either a fixed price or a dynamic price that is a percent of the total price of the other products included in the quote block. This is useful if your company offers products like maintenance or warranty, which are generally priced as percentages rather than fixed.
In addition to Fixed Price (default option), there are three different types of Percent of Total product prices.
- % of Standard Total calculates the product price based on the Standard non-discounted prices of the other items in the quote.
- % of Price List calculates the product price based on the Price List prices of the other items in the quote. Price lists are a way to apply different pricing levels for the same product for different customers or different proposals. If the other products in the quote do not have any price list pricing applied to them, then standard pricing is used.
- % of Discounted calculates the product price based on the Discounted Price List prices of the other items in the quote. Again, standard price is the used if the products are not discounted. Discounted price is the product price after a line item discount is applied.
If there are no sections on the quote, then the pricing for the percent of total product is calculated using all of the items on the quote.
If there are sections on the quote, then the percent of total pricing is calculated using only the items in that section.
Percent of Total product pricing does not include other percent of total products on the quote or in the section.
Price list pricing is not applied to percent of total products.
Volume pricing and options should not be used with percent of total products.