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Buy nowThank you for joining in on the thread, mrm320. I'm happy to shed on this.
They talk about applying price rules to estimates, which can only be done in QuickBooks Online. In QuickBooks Desktop, it doesn't apply to estimates or invoices created from estimates with a markup column.
In QuickBooks Online, the price rules work on estimates, but not on billable items (expenses) with markup. Here's an article for your additional reference: Set price rules in QuickBooks Online.
If you want to do some experiments with the said feature, I suggest using the QBO test drive. Anything you put there will be removed once you log out and close the QuickBooks page.
Let me know if you have any other concerns about price rules. I'll be more than happy to assist you again.