I want to create rule to apply 25% of product price but maximum discount amount is 1000 .
So how can I do this?
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No coding involved. You can do this from the backend only.
You can create 2 different rules.
This way you will never have both rules applied to the same product and if the product price is below 4000 the discount will be below 1000 (25% put of 4000). And if the price is over 4000 the discount will be fixed to 1000.