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Promotion formulas are used to create promotion types. Here is the list of system promotion formulas supplied by the developer:
Absolute discount on order items (cancels previous discounts)
Percentage discount, from price including previous promotion types
Percentage discount, from price not including previous promotion types
Percentage markup, from price including previous promotion types
Percentage markup, from price not including previous promotion types
Randomly apply a selection of promotions in a specified period with limitations on guest tab value
Based on system promotion formulas, you can create your own promotion formula.