Articles on: Elements

Advanced Pricing Formula vs Fee & Discount Manager

Advanced Pricing Formula



The Advanced Pricing Formula is ideal for calculating complex, variable-dependent pricing for individual products or services. It excels in scenarios where the final price depends on multiple factors or dimensions. Learn more.

Best for:



Products and services with interdependent pricing factors.
Complex mathematical formulas (e.g., $productOne x $productTwo / 30).

Key Use Cases:



Shipping Rates: Calculate prices based on item dimensions (length, width, height).
Mortgage Calculator: Determine monthly payments.
Loan Calculator: Include interest rates and loan terms.
Package Deals: Offer discounts for combined items.
Square Footage Pricing: Calculate costs for area-based services.
ROI Calculator: Compute return on investment.


Fee & Discount Adjuster



The Fee & Discount Manager offers powerful control over pricing by applying adjustments based on specific conditions. It's perfect for implementing dynamic pricing strategies and promotions. It can be applied to subsections or the entire calculator total. Learn more.

Best for:



Applying fees or discounts.
Adjusting pricing based on conditions.
Simple mathematical operations (+, -, , %).

Key Use Cases:



Base Price: Set a fundamental cost for products or services.
Shipping Costs: Add flat or percentage-based shipping fees.
Setup Fees: Impose fixed or percentage fees on the total cost.
Conditional Charges: Trigger fees based on specific selections.
Discounts: Apply reductions conditionally or unconditionally.
Price Conversion: Convert yearly prices to monthly, etc.


Comparison Table



FeatureFee & Discount AdjusterAdvanced Pricing Formula
ScopeAffects subsection or total calculator priceCalculates individual product/service cost
Math OperationsBasic (+, -, *, %)Complex formulas with multiple variables
FlexibilityCan be conditional or unconditionalPrimarily for specific pricing models, can include conditional logic
Ideal UseDynamic pricing adjustments, fees, discountsDetailed cost calculations for complex products/services
Use CasesShipping fees, discounts, price conversions, setup fees, conditional chargesCustom-sized product pricing, dimension-based rates, financial calculators, package deals
Examples10% off a section total, $5 flat shipping feeFence cost = Length x Width x Height, Shipping = (L x W x H) / 30



When to Use Which?



Choose Advanced Pricing Formula when:
You need to calculate prices based on multiple interdependent factors
Your pricing model requires complex mathematical formulas
You're dealing with dimension-based or variable-heavy calculations

Opt for Fee & Discount Adjuster when:

You want to apply simple fees or discounts to your pricing
You need to make conditional adjustments to subsection or total prices
You're implementing basic pricing strategies like shipping fees or setup charges

Remember: the choice between these tools depends on the complexity of your pricing model and the specific adjustments you need to make. For simpler pricing structures, standard elements like dropdowns or quantity input boxes might be sufficient.

Need help deciding which tool is right for your specific use case? Don't hesitate to reach out to our support team for personalized assistance!


Video Tutorial






Additional Information




All Elements & Features



Learn more about All Elements
Learn more about All Features

Need Support?



Ask a question or request support
Request a feature or give feedback



Updated on: 19/09/2024

Was this article helpful?

Share your feedback

Cancel

Thank you!