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Yes. Go to Marketing → Coupons and click + New coupon (or Edit).
- Choose Percentage (%) as the Type and enter 20 as the value.
- Enter 500 in Max discount (cap).
- Click Save coupon.
The discount is worked out as 20% of the eligible amount, then limited to 500. Leave Max discount (cap) empty for no cap.
You can also set a Minimum cart value so the code only works on orders above a certain amount.
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