SELECT 
  tmall_product_prices.product_id, 
  COALESCE(
    tmall_master_products_storefront_min_price.price, 
    MIN(
      IF(
        tmall_product_prices.percentage_discount = 0, 
        tmall_product_prices.price, 
        tmall_product_prices.price - (
          tmall_product_prices.price * tmall_product_prices.percentage_discount
        )/ 100
      )
    )
  ) AS price 
FROM 
  tmall_product_prices 
  LEFT JOIN tmall_master_products_storefront_min_price ON tmall_master_products_storefront_min_price.product_id = tmall_product_prices.product_id 
  AND tmall_master_products_storefront_min_price.storefront_id = 1 
WHERE 
  tmall_product_prices.product_id IN (
    18, 16, 4, 5, 23, 24, 1, 22, 172, 175, 173, 
    25, 161, 163, 133, 132, 125, 120, 223, 
    225
  ) 
  AND tmall_product_prices.lower_limit = 1 
  AND tmall_product_prices.usergroup_id IN (0, 1) 
GROUP BY 
  tmall_product_prices.product_id

Query time 0.01059

JSON explain

{
  "query_block": {
    "select_id": 1,
    "cost": 0.049578401,
    "nested_loop": [
      {
        "table": {
          "table_name": "tmall_master_products_storefront_min_price",
          "access_type": "system",
          "possible_keys": ["PRIMARY"],
          "rows": 0,
          "filtered": 0,
          "const_row_not_found": true
        }
      },
      {
        "table": {
          "table_name": "tmall_product_prices",
          "access_type": "range",
          "possible_keys": [
            "usergroup",
            "product_id",
            "lower_limit",
            "usergroup_id"
          ],
          "key": "product_id",
          "key_length": "3",
          "used_key_parts": ["product_id"],
          "loops": 1,
          "rows": 20,
          "cost": 0.037147162,
          "filtered": 97.28681946,
          "index_condition": "tmall_product_prices.product_id in (18,16,4,5,23,24,1,22,172,175,173,25,161,163,133,132,125,120,223,225)",
          "attached_condition": "tmall_product_prices.lower_limit = 1 and tmall_product_prices.usergroup_id in (0,1)"
        }
      }
    ]
  }
}

Result

product_id price
1 5399.99000000
4 699.99000000
5 899.99000000
16 349.99000000
18 299.99000000
22 799.99000000
23 599.99000000
24 449.99000000
25 599.99000000
120 199.99000000
125 149.99000000
132 269.99000000
133 229.99000000
161 279.99000000
163 899.99000000
172 299.99000000
173 349.99000000
175 179.99000000
223 499.99000000
225 199.99000000