What is base price in SAP LO-AGR-CC - Commodity Contracts, Expenses, Basic Functions?

SAP Term: base price

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

• Description: The price on which tolerance, quality, or option premiums and discounts are applied, based on the pricing lots consumed for a quantity.

Smart SAP Assistant

• Key Concepts: 
  Base price is a term used in the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component of SAP. It is the price of a commodity or service that is used as a reference point for calculating other prices. It is usually the price of the commodity or service at the time of purchase or delivery. 
  
  How to use it: 
  In SAP, base price is used to calculate other prices such as discounts, surcharges, and taxes. It can also be used to compare prices between different suppliers or services. To use base price in SAP, you must first enter the base price for each item or service in the system. Then, you can use this information to calculate other prices. 
  
  Tips & Tricks: 
  When entering base prices into SAP, make sure to enter them accurately and consistently. This will ensure that all calculations are accurate and that you are getting the best possible prices for your commodities and services. 
  
  Related Information: 
  Base price is closely related to other pricing terms such as discount rate, surcharge rate, and tax rate. Understanding how these terms interact with each other can help you get the best possible prices for your commodities and services.