The public product sale price in both:
sales -> Products purchase -> Products
Do not get automatically updated. I have defined a rule:
Price List -> Default Public Price list -> New Price = Base Price + 20% Markup. Based on Cost Price.
The cost price is set to average method. When creating the new product, I deliberately not set a pricing. Then I made a purchase order and received the product. The COST is updated. However, the public price as listed on the product page is not updated. The defined rules would only automatically update the price in a sales order but it would not update the price on the product listing itself.
Is this a bug or am I missing something?
see the answer