Now to define new formulas for pricing?

can any one please tell me a business scenario where one needs to define a new pricing formula, and how can one can do that in the system?
points will be rewarded immediately.
thanks
PR

Hi,
As our friends suggested you can create new formulas for pricing with the Transaction code VOFM.
Process is use VOFM(Transaction code)------>in top menu you can see Formulas, select appropriate option in Formulas lke.. Condition base value, Condition Value etc.,
Please go through detail information:-
Formulas are represented as FORM routines. They are used in pricing and influence the determination of prices according to predefined rules. You can specify them in pricing control. The following groups of formulas exist:
Scale base value
The scale base value includes FORM routines which determine the scale base value according to criteria that are not defined in the standard system. You enter the scale base value in the Scale formula field. A formula for the scale base value can define, for example, that partial quantities are taken into account.
Condition base value
Formulas for the condition base value take into account criteria not defined in the standard system. You enter them in the Alternative formula for condition base value field in the pricing procedure. A formula for the condition base value can define, for example, that the condition determination is based on net value or volume.
Condition value
Formulas for determining of the condition value include routines which determine the condition value according to criteria not defined in the standard system. You enter the formulas for the determination of the condition value in the Condition formula for alternative calculation type field in the pricing procedure. A formula for the condition value can define, for example, that the system determines the best price for the customer.
Structure of group key
Using this menu entry, you can edit routines that determine the base value for the scale value if group conditions are used in pricing. The system then calculates the base for the scale value from more than one document item. You can enter the routines in the Group condition routine field on the screen for defining condition types. A routine for the determination of the scale valuecan define, for example, that only a particular condition type is taken into acount.
Rounding rules
Using this entry, you can create and edit FORM routines that carry out a particular type of rounding in the condition record during a price change. A rounding rule could round a price that was increased by 1% to the last two places behind the decimal point, for example.
Procedure
To define your own formulas, proceed as follows:
1. First check whether you can use the formulas delivered with the standard system.
2. Either overwrite an existing formula or select a group number from the number range reserved for customer modifications (600-699) and enter the corresponding description.
3. Program the formula in the editor.
4. Activate the formula.
5. Enter a long text that describes the meaning of the formula in more detail.
6. Enter an application if you want to use the formula in a particular application area only (pricing, for example).
7. Enter the formula in the appropriate place of the control
NOTE:- to create new routine get Access key from Basis.
I hope it will help you to define formulas for pricing.
Regards,
Venkat

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