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

SAP Term: final price

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Synonym for the sales price calculated in the sales price calculation function. The "final price" list field in the pricing table is used for entering sales prices that are not price points. This field also controls how the information is stored. In calculations for retail distribution chains, the final price is a gross price; for distribution centers and wholesale distribution chains, the it is a net price.

Smart SAP Assistant

• Key Concepts: 
  Final price is a term used in the IS-R SAP for Retail component. It is the total price of a product or service after all discounts, taxes, and other charges have been applied. It is the amount that the customer will be charged for the product or service. 
  
  How to use it: 
  In order to calculate the final price of a product or service, you must first determine the base price of the item. Then, you must apply any discounts, taxes, and other charges that may apply. Finally, you can calculate the final price by adding up all of these costs. 
  
  Tips & Tricks: 
  When calculating the final price of a product or service, it is important to make sure that all discounts, taxes, and other charges are taken into account. This will ensure that the customer is not overcharged for the item. Additionally, it is important to keep track of any changes in taxes or other charges that may occur over time. 
  
  Related Information: 
  The IS-R SAP for Retail component also includes other pricing terms such as list price and net price. List price is the original price of an item before any discounts are applied. Net price is the amount that a customer pays after all discounts have been applied.