Add Discount/Coupon for Single Product Variant

Do you have a need to discount a particular product variant in your store?

First, go to Promotions | Discounts and click Add New

Give your Discount a descriptive name

Choose Discount Type:  Assigned to product variants (SKUs)

Either give a discount percentage or dollar amount.

Choose Start and Stop dates for the discount code.

Check Requires coupon code.

Enter your coupon code unique id

Enter your limitations for your discount/coupon.

Click Save

Go to Catalog | Products | Manage Products and Edit your product to be discounted.

Click Product Variants and Edit the variant  to be discounted.

Click the Discounts tab and select the previously created Discount.

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