You need to set your selling price (MSRP price as well if you like) for every product. HyperSKU has developed pricing tool to help you pre-settle product prices in bulk so you can focus more on business.

After logging into HyperSKU account, go to ‘Settings’ on the left-side bar then click ‘Pricing Rules’.

#### 1. Pricing rules

a) You may choose either ‘Multiplier’ or ‘Fixed Markup’ rule:

**Multiplier **multiplies the original product price (the price you pay for). For example, a product which costs $5.00 with a multiplier of 10 would end up selling at $50.00 in your store.

**Fixed Markup** allows you to set a fixed amount added on top of the original product price (the price you pay for). For example, a product which costs $5.00 with a fixed markup of 20 would end up selling at $25.00 in your Shopify store.

b) You may apply pricing rules to all products or per original prices:

**Basic Pricing Rules** allows you to set universal pricing rules for all your products, regardless of the original price.

**Advanced Pricing Rules** allows you to set customized pricing rules for designated price ranges.

#### 2. understanding ‘your product compared at’ price

An example makes it easier to understand: The ‘your product compared at price’ isn’t the real selling price; it’s crossed out next to selling price.

Please be noted that ‘your product compared at’ price should be higher than the selling price.

#### 3. Assign cents

For example, the original price for a pair of jeans is 10.12 USD. You set markup pricing rules as ‘multiply 300%’ – the selling price is 30.36 USD.

Now you set assign cents rule as XX.99 – the selling price will be revised to 30.99 USD.

You are all set! From now on whenever you add a product to import list, the selling price will be automatically calculated. You can modify the selling price at Import List as well before uploading product to your store.

**Tips: **The selling price is the amount that your customer pays you; selling price minus any cost (for example, price you paid for the products, and advertising fee) leaves you with profit. Setting pricing is a very important strategy.