Product Costing Startup Plan.

Let us Understand Start-up plan with an Example;

Suppose there is a product with Onscreen Price of ₹ 500, HSN for the product is 3101 with GST slab 5%. Shipment weight of the product is 2 Kgs and is a Pre-paid Order

The calculation will be as follows;

  1. 5% of MRP (On screen Price) is ₹ 25
  2. Reduce: ₹ 500 – ₹ 25 = ₹475
  3. 15% of ₹ 475 is ₹ 71.25, 
  4. Reduce  ₹ 71.25 from ₹ 475 = ₹ 403.75
  5. Shipping Charges = ₹ 189
  6. Reduce ₹ 189 from ₹ 403.75 = 214.75
  7. COD Charges if Any: Nil.
  8. Vendor’s payout will be ₹ 214.75
This calculation is for helping you to calculate the Cost of your product. The above calculation may change in case if there is a change of GST slabs, Increment or decrement of Courier charges by the shipping partner or any other cause beyond the control of Ecotika.

Product Costing Enterprise Plan

Let us Understand Enterprise plan with an Example;

If the same product as in above example was hosted by a vendor with Enterprise plan,  product with Onscreen Price of ₹ 500, HSN for the product is 3101 with GST slab 5%. Shipment weight of the product is 2 Kgs and is a Pre-paid Order

The calculation will be as follows;

  1. 5% of MRP (On screen Price) is ₹ 25
  2. Reduce: ₹ 500 – ₹ 25 = ₹475
  3. Payment gateway charges 4% of the transaction (Subject to change as per Payment gateway norms) 
  4. Reduce  4% of ₹ 475 = ₹ 23.75, Reduce ₹ 475 – ₹ 23.75 = ₹ 451.25
  5. Shipping Charges = ₹ 171.7 (9% Discount on Shipping charges)
  6. Reduce ₹ 171.7 from ₹ 451.25 = ₹ 279.55
  7. COD Charges if Any: Nil.
  8. Vendor’s payout will be ₹ 279.55.
  9. In case the Vendor has opted for Self Ship the payout is ₹ 451.25.
This calculation is for helping you to calculate the Cost of your product. The above calculation may change in case if there is a change of GST slabs, Increment or decrement of Courier charges by the shipping partner or any other cause beyond the control of Ecotika. Discount is subject to backend discount to Ecotika from its courier partner.

Calculation Aid Shipping Charges and COD

Above rates are for use as Calculation aid, they are subject to market rates and may swing in either direction. Vendor discretion is advised while calculating the selling price. COD and % are for COD, whichever is higher will be charged.

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