Got to **Account**, click on **My Products** and then on **Price** **Formulas**.

Above the search field on **Price Formulas**, you have the **NEW PRICE FORMULA** button.

Click on it and start creating your new formula.

Here are the fields you need to complete and what each of them mean:

**Price Formula Name**: Where you need to give a name to your formula.

**Item Cost Range Min, Item Cost Range Max, Profit % + Fixed Price and Round up**are

- **M****inimum** and **maximum** **item cost ranges**: the price limits where your** **formula can be applied;

- **P****rofit** or/and **Fixed Profit**:** the percentage plus the fixed profit you want to make when selling** the product(s);

- **Round Up**: it's an optional field, only check this if you want to round up the price.

**Define Interval**: Check this box if you want to make your formula available for a specific period.

**Use compare at price (this is a sale price formula):**Check this box if your store supports this feature - compared at price/crossed prices. The markup price will show as crossed and your formula price as the product price. For example,**30$**would be the formula price and**50$**the crossed price.

**Include shipping cost to main location in the product price**: Check this box if you want the cost of shipping the product to your main location to be added to the product price after the formula has been applied.

**If product has RRP and Selling Price < RRP, set the Selling Price to equal RRP (Retail Recommended Price): Check this box if your selling price is under the RRP and you want to have the final price the same as the RRP.**

That’s what **F****ormulas** are and the fields you have to fill in to have a functional formula!

See this article for more details: **What is a sale price formula and how does it work?**