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Type

Specify the type of price logic;
'Global' means the price logic will affect every customer (unless customers have another price logic connected to them).
'Customer connected' means the price logic will only affect specific customers, or customer groups.

Calc type

Specify what calculation type the price logic will use;
'Increase' (Mark up) this is what percentage of the cost price you add on to get the selling price.
'Margin' this percentage is the percentage of the final selling price that is profit.
'Discount' will reduce the sell price by the specific percentage.
'Fixed price' changes the logic so instead of entering a percentage, you should enter the sell price (exclusive of VAT).