The profit of each order is calculated using the following formula:
Profit = [Revenue - Total Basecost - Discount (if available) - Payment fee of order] x 96%
In which:
Revenue: Sales Price x Quantity (shipping fee is not included)
Total Basecost: Basecost/1pc x Quantity
Payment fee of order = Order value x 3%
The remaining 4% is processing fee, which is used to cover customer service cost, credit card processing fees and fraud protection.
Profit = [Revenue - Total Basecost - Discount (if available) - Payment fee of order] x 96%
In which:
Revenue: Sales Price x Quantity (shipping fee is not included)
Total Basecost: Basecost/1pc x Quantity
Payment fee of order = Order value x 3%
The remaining 4% is processing fee, which is used to cover customer service cost, credit card processing fees and fraud protection.
Published on: 11 / 02 / 2020