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I'm curious if it's possible to have openerp make conditional rules for pricelists? For example: if cost price is <$5.00 then sale is $10.00

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What I think I might attempt is using an Advanced Filter for sale price of less than $x.xx and then using the buggy, but functional "Mass Editing" Module change the fields after all checkboxes are selected.

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you can base a pricelist rule on cost price but you still need to limit the products that it applies to in some way - either as a unique product, product category or product template.

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