Custom Price Formula Profile
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The Custom Price Formula Profile module is used for creating custom price formulas more easily and precisely. This module allows you to define custom price formulas that automatically calculate item prices based on a set of predefined criteria. This will omit the need to update the Custom Prices manually.
This module is app config based. An App Config, "Enable item price formula calculations" is available under the General Tab to utilize this feature.
If this setting is turned on, the system will allow the users to enter interdependent formulas to calculate prices. For example, the Standard Unit Price formula can be defined as a 30% markup to Standard Unit Cost. These options will be available in the Item module, Item Centre, and the data uploads: Upload Products and Upload Item Prices.
