SELECT 
  q_product_prices.product_id, 
  MIN(
    IF(
      q_product_prices.percentage_discount = 0, 
      q_product_prices.price, 
      q_product_prices.price - (
        q_product_prices.price * q_product_prices.percentage_discount
      )/ 100
    )
  ) AS price 
FROM 
  q_product_prices 
WHERE 
  q_product_prices.product_id IN (
    8501, 8503, 8504, 8506, 8507, 8508, 8509, 
    8510, 8511, 8512, 8514, 8515, 8516, 
    8517, 8518, 8519, 8521, 8477, 8476, 
    8474, 8377, 8376, 8375, 8374, 8368, 
    8367, 8272, 8271, 8270, 8269, 8268, 
    8267
  ) 
  AND q_product_prices.lower_limit = 1 
  AND q_product_prices.usergroup_id IN (0, 1) 
GROUP BY 
  q_product_prices.product_id

Query time 0.00094

JSON explain

{
  "query_block": {
    "select_id": 1,
    "cost_info": {
      "query_cost": "76.81"
    },
    "grouping_operation": {
      "using_filesort": false,
      "table": {
        "table_name": "q_product_prices",
        "access_type": "range",
        "possible_keys": [
          "usergroup",
          "product_id",
          "lower_limit",
          "usergroup_id"
        ],
        "key": "product_id",
        "used_key_parts": [
          "product_id"
        ],
        "key_length": "3",
        "rows_examined_per_scan": 32,
        "rows_produced_per_join": 6,
        "filtered": "19.99",
        "index_condition": "(`portal`.`q_product_prices`.`product_id` in (8501,8503,8504,8506,8507,8508,8509,8510,8511,8512,8514,8515,8516,8517,8518,8519,8521,8477,8476,8474,8377,8376,8375,8374,8368,8367,8272,8271,8270,8269,8268,8267))",
        "cost_info": {
          "read_cost": "75.53",
          "eval_cost": "1.28",
          "prefix_cost": "76.81",
          "data_read_per_join": "153"
        },
        "used_columns": [
          "product_id",
          "price",
          "percentage_discount",
          "lower_limit",
          "usergroup_id"
        ],
        "attached_condition": "((`portal`.`q_product_prices`.`lower_limit` = 1) and (`portal`.`q_product_prices`.`usergroup_id` in (0,1)))"
      }
    }
  }
}