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In this video tutorial, we learn how to apply discounts on a website based on various parameters such as quantity purchased, number of units, user role, or specific day and time. For example, a standard product may have no discount for up to five units, 10% off for six to ten units, and 15% off for eleven or more units. The price dynamically changes based on the quantity added to the cart, indicating the discount applied. This feature allows for flexibility in setting discounts for customers based on different criteria.