What is the best way to start refactoring?

[HarrySto]

Here is a poorly written function to change the price of a product that takes into account many different conditions. You need to refactor, since the function itself is terribly unreadable. Where to start refactoring or what methods to use to start refactoring?

function changePrice($this = null) {
  if ($this == null) {
      var rel_price =  $('.all_colors_preview.active#rel_colors').find('.item.active .price').attr('data-price'),
          option_price = $('.all_colors_preview.active#option_colors').find('.item.active .option-price').val(),
          prefix = $('.all_colors_preview.active#option_colors').find('.item.active .option-price-prefix').val(),
          price_current = $('.price_wrapper .price_current'),
          option_sizes = $('.option_size.active'),
          quantity = Number($('#inner .quantity_val').text());
  } else {
    var rel_price =  $this.find('#rel_colors.active .item.active .price').attr('data-price'),
        option_price = $this.find('#option_colors.active .item.active .option-price').val(),
        prefix = $this.find('#option_colors.active .item.active .option-price-prefix').val(),
        price_current = $('.price_wrapper .price_current'),
        option_sizes = $this.find('.option_size.active'),
        quantity = Number($this.find('.quantity_val').text());
  }

  if (!quantity) {
    quantity = Number($('#inner .quantity_val').text());
  }

  var current = Number(price_current.attr('data-original-price'));  

  if (rel_price != '' && rel_price != undefined) {
    price_current.attr('data-update-price', rel_price);
    updated = Number(price_current.attr('data-update-price')) * quantity;
    updated = String(updated).replace(/(\d)(?=(\d\d\d)+([^\d]|$))/g, '$1 ')
    price_current.text(updated + ' ₽');
  } else if (option_price != '' && option_price != undefined && prefix != '') {
    if (prefix == '+') {
      update_price = current + Number(option_price);
    } else {
      update_price = current - Number(option_price);
    }

    price_current.attr('data-update-price', update_price);
    update_price = quantity * price_current.attr('data-update-price');
    price_current.text(String(update_price).replace(/(\d)(?=(\d\d\d)+([^\d]|$))/g, '$1 ') + ' ₽');
  } else if (option_price == '') {
    price_current.attr('data-update-price', current);
    current *= quantity;
    price_current.text(String(current).replace(/(\d)(?=(\d\d\d)+([^\d]|$))/g, '$1 ') + ' ₽');
  } else {
    return false;
  }

  if (option_sizes && option_sizes.length) {
    if (price_current.attr('data-update-price')) {
      current = Number(price_current.attr('data-update-price')); 
    }
    var option_prefix = option_sizes.find('input[type="hidden"]').attr('data-prefix'),
        option_size_price = option_sizes.find('input[type="hidden"]').attr('data-price');
    if (option_prefix == '+') {
      update_price = current + Number(option_size_price);
    } else {
      update_price = current - Number(option_size_price);
    }

    price_current.attr('data-update-price', update_price);
    update_price = quantity * price_current.attr('data-update-price');
    price_current.text(String(update_price).replace(/(\d)(?=(\d\d\d)+([^\d]|$))/g, '$1 ') + ' ₽');
  }