I'm using growing business plan and third party payment providers:
If i'm selling a product (original price 22$ and retail price 30$)
and I want to make a discount up to 10% for customers
How would I calculate the net profit after sale?
is the following way right?
if a customer pays using online credit card = (2.6% + 30¢) + Additional fees for payment providers not shopify = 1% then (total shopify fee = 3.6% + 30¢)
and the (Bank take 1%) + (payment providers gate 1%)
So, the net profit = 30$ - 5.6% + 30¢?
Solved! Go to the solution
Hi Lawnda - I see that you've already found the answer you were looking for (kudos to Ahmad for the help!).
That said I think you'd still find great value in the BeProfit - Profit Tracker app. It's a free app that gives you a dashboard to track and analyze your store's profits and expenses (including production, shipping, marketing costs, and much more). BeProfit will take into account a multitude of different data points and then present them to you in easy-to-digest charts and graphs. Ultimately, the app will give you insights that will show you where to focus your effort in order to maximize your Shopify store's profit.
I would recommend my application Income Tracker and Predictor where you can clearly generate any kind of report , track the income/tax/shipping in real time and can see real time predictions regarding your sales data!
Please if you are interested, give a try( there is a trial period