Here's what the different discount tiers in Bulk Discount Now mean:
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Minimum cart value: applies the discount tier to your selected products when the cart subtotal reaches the value you set.
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Minimum line item value: applies the discount tier to your selected products when their line item subtotal (variant price x quantity) reaches the value you set.
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Minimum cart quantity: applies the discount tier to your selected products when the quantity of items in the cart reaches the quantity you set.
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Minimum line item quantity: applies the discount tier to your selected products when their quantity requested reaches the quantity you set.