22 Feb, 2023 | Magento development
To understand these two types of rules, it is necessary to understand that Catalog Price Rules represent promotions on the category or product pages. At the same time, Cart Price Rules are used when promotions are applied to the Cart during the checkout process. There are many examples of Cart Price Rules, including coupon codes, free shipping, discounts in order totals, buy one get one free, etc.
Catalog discounts are coupons offered by stores to encourage customers to buy specific products or categories listed in their catalogs. There are many ways to provide a discount, such as a percentage off or a buy-one-get-one-free offer, and the discount can be time-limited or ongoing. As well as providing customers with the opportunity to save money, catalog discounts can help retailers attract new customers and increase sales.
Following example will help you understand how Catalog Prices get calculated. List Price = Rs 320. Also, Discount = 10% of List Price or we can write = (10/100) × 320 = Rs 32. Thus we can write: S.P. = List Price – Discount = 320 – 32 = Rs 288.
An example of Catalog price would be a laptop listed for $800 in an online store's catalog is an example of a catalog price. Upon checkout, a 10% discount is applied, which results in an actual price of $720. Before you apply any discounts, the laptop's catalog price of $800 represents its regular price.