Tier pricing is something you use to present customers with several product or service options with corresponding pricing levels. In this article, you will get to know how the tier pricing works.
Login to Backend
Navigate to Catalog -> Products.
You will land on the Products page by clicking on Products. To add tier pricing to a new product you have to go to Add Product or if you are adding tier pricing to the existing product then click on the Edit button in the Action Column.
On the page you land, there is a Price section where you will be able to see Advanced Pricing. Click on this option in order to navigate to Tier Pricing.
In this section, you have to add the quantity and the price it would cost for the added quantity.
Those details that have been added in Customer Group Price will be shown in the frontend as below.