Pricing Overview
Control how prices are calculated for every market and customer. Learn to set up currencies, markets, market cost prices, price lists, quantity breaks and public price groups.
This guide walks you through the components of the Mimeeq pricing system. The system may seem complex at first, but it is designed for ease and efficiency once you are familiar with it. For practical applications, see the example scenarios at the end of this article.
Settings
Access the pricing settings through the admin panel. Go to Settings and select Pricing Settings on the left side of the screen.
Currencies and exchange rates
Start by adding the currencies you sell in:
Click Add Currency.
Enter a friendly name and select the international currency code.
Choose whether this will be your default currency.
Set an exchange rate.
Example currencies:
EUR (default): exchange rate 1
USD: exchange rate 1.2
GBP: exchange rate 0.9
Markets
Markets represent the regions you sell to. You can define any number of markets. They are not tied to specific countries, but they define your cost prices.
This guide uses two markets: EUROPE (EUR) and USA (USD).
Market cost prices (MCP)
Import your cost and recommended retail price (RRP) for each product code and market.
Example:
Market: EUROPE, Code: CHAIR-MODEL1-FABRIC, Qty: 1, Cost: €150, RRP: €250
Market: USA, Code: CHAIR-MODEL1-FABRIC, Qty: 1, Cost: $167, RRP: $275
Price lists
Price lists transform market cost prices (MCP) into final prices. Every price list has a General tab for its settings and a Companies tab where you assign the companies that use it.
The most common price list type is the Calculated Price List.
1
Calculated Price List
MCP
MCP, with optional manipulation, rounding and sale discount
Most price lists
2
Fixed Price List
MCP
Prices you add or import in the Prices tab
Controlling exact RRP and sale prices, especially for quantity breaks that differ from your MCP
3
Linked Price List
MCP
The fixed price list it is linked to, with additional manipulation
Adjusting prices for different client segments or currencies
In the General tab of a Calculated Price List, you can set:
Name
The name used to organise your price list.
Status
Whether the price list is active or inactive.
Valid Period
The date range in which this price list is valid.
Market
The market from which to pull the costs and RRP.
Currency
The currency for sales in this price list. Uses the exchange rates from settings if it differs from the market's currency.
Scope
The extent of the price list's coverage, such as a specific product or product group.
Cost Manipulation
A factor to adjust the market cost price (MCP), where 1 is the default. For a 10% increase, enter 1.1.
RRP Manipulation
Adjusts the base RRP from the MCP, like the cost manipulation above. For RRP, it also includes rounding to the nearest 1, 2, 5, etc., with a default of 0.01. Rounding can be set to round, round up or round down, using the logic of Excel's ROUND, CEILING and FLOOR functions respectively.
Sale Price
Shows the sale price as a discount from the RRP. The discount percentage is applied after any RRP manipulation, including rounding. You can round sale prices using the same logic as for RRP.
Example price lists:
United States: market USA, currency USD.
Europe (Excluding UK): market EUROPE, currency EUR.
United Kingdom (UK): market EUROPE, currency GBP (with RRP rounded to the nearest 2).
Use a Fixed Price List to control exact RRP and sale prices, especially for quantity breaks that differ from your MCP.
Name
The name used to organise your price list.
Status
Whether the price list is active or inactive.
Valid Period
The date range in which this price list is valid.
Market
The market from which to pull the costs and RRP.
Currency
The currency for sales in this price list. Uses the exchange rates from settings if it differs from the market's currency.
Prices tab
Where you add, or more likely import, your fixed prices.
Cost Manipulation
A factor to adjust the market cost price (MCP), where 1 is the default. For a 10% increase, enter 1.1.
A Linked Price List connects to a fixed price list and applies additional manipulations. It takes the costs from the MCP, but the RRP and sale prices from the fixed price list it is linked to.
Name
The name used to organise your price list.
Status
Whether the price list is active or inactive.
Valid Period
The date range in which this price list is valid.
Market
The market from which to pull the costs and RRP.
Currency
The currency for sales in this price list. Uses the exchange rates from settings if it differs from the market's currency.
Cost Manipulation
A factor to adjust the market cost price (MCP), where 1 is the default. For a 10% increase, enter 1.1.
RRP Manipulation
Adjusts the base RRP, like the cost manipulation above. For RRP, it also includes rounding to the nearest 1, 2, 5, etc., with a default of 0.01. Rounding can be set to round, round up or round down, using the logic of Excel's ROUND, CEILING and FLOOR functions respectively.
Sale Price
Shows the sale price as a discount from the RRP. The discount percentage is applied after any RRP manipulation, including rounding. You can round sale prices using the same logic as for RRP.
Quantity breaks
Quantity breaks apply discounts based on the volume of the purchase. Mimeeq uses a threshold model: the price per unit drops once the quantity reaches each threshold.
1
1–4
10
2
5–9
9
3
10+
8
How the calculation works:
If a customer orders between 1 and 4 units, each unit is priced at €10.
When the quantity reaches 5 to 9 units, the price per unit drops to €9.
For orders of 10 units or more, the unit price drops to €8.
Practical examples:
Order of 6 units: the order is above 5 units but below 10, so the price is €9 per unit. The total is 6 × €9 = €54.
Order of 10 units: the order meets the 10-unit threshold, so the price is €8 per unit. The total is 10 × €8 = €80.
Item Master
Item Master is not directly related to pricing, but it can supply additional data such as delivery information, weights and dimensions. See Item Master for more information.
Public price groups
Public price groups manage public prices in the configurator for platforms like Shopify. Create a separate price group for each market (USA, UK, EU, etc.).
Go to Settings.
Find Pricing in the left-hand menu and scroll down to Public Price Groups.
Create a public price group and give it a friendly name.
Fill in the fields as described in the table below.
Click Save.
You can assign price list groups to embed templates, or change them dynamically using the front-end embed API.
Name
The name of the price list, used for identification and organisation.
Slug
Auto-generated as a random string of characters, so it cannot be easily guessed. You can rename it if you like.
Price List Currency
The currency in which the prices in this list are displayed and calculated.
Price Type
The price list field to show: cost, sale or RRP.
Including VAT
Whether the prices exclude or include VAT (sales tax).
Utilising price lists in quotations
Quotations follow a specific workflow. Each contact is associated with a company, and a price list is linked to that company. If a contact has no company, create one under a general name such as "Cash Sales" or "Unaffiliated" for quoting.
The quotation system uses these price fields to set the pricing for each product:
1
RRP
The standard list price assigned to the product.
2
Sale
The usual price that the company pays for the product.
3
Cost
The base cost price for the product.
Example scenarios
Example 1: multi-region furniture retailer
Scenario: a furniture retailer operates in Europe and the USA. It wants a simple pricing structure that uses a single market for both regions.
Solution:
Define the
EUROPE (EUR)market in Mimeeq.Set up a Calculated Price List for the EUROPE market with the default exchange rate (EUR).
Apply the exchange rate to convert EUR prices to USD for sales in the USA, using an exchange rate of
1.2toUSD.
Calculation example:
The retailer sets the cost price for a chair model in the EUROPE market at €150 and the RRP at €250.
For sales in the USA, these EUROPE market prices are converted using the exchange rate of 1.2.
The cost in the USA becomes $180 (€150 × 1.2) and the RRP becomes $300 (€250 × 1.2).
Price calculation breakdown for the USA:
EUROPE market cost:
€150EUROPE market RRP:
€250Exchange rate to USD:
1.2USA cost (after exchange rate):
€150 × 1.2 = $180USA RRP (after exchange rate):
€250 × 1.2 = $300
Example 2: seasonal discounts for electronics
Scenario: an electronics distributor wants to offer seasonal discounts to move inventory during the holiday season.
Solution:
Create a new Calculated Price List named "Holiday Specials".
Set the list to be active for the valid period from November to January.
Apply a sale price discount of
20%across the board and round RRP prices to the nearest0.99to appeal to psychological pricing.
Calculation example:
An electronic item with an RRP of €499 is discounted by 20% during the holiday season.
The sale price is calculated after the discount, then rounded up to the nearest €0.99 for psychological pricing.
Price calculation breakdown for the seasonal discount:
Original RRP:
€499Discount (20%):
0.20 × €499 = €99.8Sale price before rounding:
€499 - €99.8 = €399.2Sale price after rounding:
€399.99
Example 3: B2B discounts for bulk orders
Scenario: a B2B office supplies company wants to encourage bulk purchases by offering quantity breaks.
Solution:
Set up a new price list with quantity breaks in Mimeeq.
Offer a unit price of
€10for 1–49 units,€9for 50–99 units and€8for 100 or more units.Communicate this tiered pricing to clients to encourage larger orders.
Calculation example:
The company offers €10 per unit for 1–49 units, €9 per unit for 50–99 units and €8 per unit for 100+ units.
A client orders 75 units, which falls into the second quantity break. The total is calculated at €9 per unit.
Price calculation breakdown for the bulk order:
Quantity ordered:
75 unitsUnit price for 50–99 units:
€9Total without quantity break:
75 × €10 = €750Total with quantity break:
75 × €9 = €675Total saving:
€750 - €675 = €75
FAQ
What happens if I assign more than one price list to a customer?
Mimeeq uses the cheapest price list.
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