In a lot of different scenarios, it would be beneficial to have default values to be based on a formula.

For example, a store may have default markups for different pricelists. For electrical wholesalers there may be 3 pricelists - electrician, contractor, and customer.

Let's say electrician has a 50% markup, contractor has a 75% markup, and customer has a 100% markup from cost.

The default value in a formula could look like:

Electrician: [cost]*1.5

Contractor: [cost]*1.75

Customer: [cost]*2

A strict formula field is not ideal because certain items may need to be adjusted based on any market condition - sale, price match, loss leader, etc. By having the default value as a formula would allow the users to overwrite.

Bonus feature: Format the value to show when the value is not default, bold or green for example.

Apologies if this has already been requested. In my searching, I couldn't find anything.