# Add Formula Fields

The following steps illustrate an example of experimenting with a new pricing model. This example creates a new field called 5% price increase that adds five percent to the Amount field of an Opportunity object.

- In the
*ActionGrid℠**Explorer*, select an object from the list. For this example, click . - Click the drop-down arrow next to and click .
- In the Saved Formulas window, click .
- Enter a , which is the name of the new field header.
- Click
- No Formatting
- Currency
- Date
- DateTime
- Decimal
- Number
- Time

and select an option:
- Click
**Functions**and select a mathematical function or logical operator to apply. The 5% price increase example uses . (See Formula Functions for definitions of each option.)

The blue highlighted area indicates where you must enter or select a value:

- Click Amount field. The blue highlighted area changes to Amount.

and select a field on which to apply the formula function. This example uses the - Click the next blue highlighted area and enter a value.

- Click

. The new field appears at the end of the grid. You can drag the formula field next to the original field for comparison.