Calculated fields will enable the system to perform mathematical calculations on numeric data. When the data is entered, formulas based on numeric fields within the data type will calculate the fields automatically.

Consider calculating the VAT of a product based on a different base price. Watch the video for the steps to follow:

Now that the formula has been created in the desired form, we can create a new item that will be used for the calculations. As you can see in the example above, the calculated field is automatically filled with the desired value: