What is basic price in SAP IS-R - SAP for Retail?

SAP Term: basic price

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail A sales price referring to a special unit of measure 1 litre, 100 millilitres, 1 kilogram. The basic price is used, in terms of the European quotation of prices order, for comparing the prices, for example, of loose goods or comparable prepacked articles with different selling weights. The unit of measure that is to be used is generally determined by a particular regulation. The basic price relates to the dry weight for articles which require the dry weight net weight to be shown.

Smart SAP Assistant

• Key Concepts: 
  Basic price is a pricing element in the SAP for Retail component of the SAP system. It is used to define the base price of a product or service, and is used as a reference point for other pricing elements. The basic price is also used to calculate discounts and surcharges. 
  
  How to use it: 
  The basic price can be set up in the SAP system by entering the product or service code, the currency, and the basic price. This information can then be used to calculate discounts and surcharges. The basic price can also be used to set up pricing conditions, such as discounts or surcharges, which are applied to the basic price. 
  
  Tips & Tricks: 
  When setting up the basic price, it is important to ensure that it is accurate and up-to-date. This will ensure that any discounts or surcharges are calculated correctly. It is also important to ensure that any pricing conditions are set up correctly, as this will affect how discounts and surcharges are applied. 
  
  Related Information: 
  For more information on setting up basic prices in SAP for Retail, please refer to the SAP Help documentation. Additionally, there are many online resources available which provide detailed instructions on how to set up basic prices in SAP for Retail.