Pricing scheme is used in internal price engine to price a quote. It is a set of steps that determine how a quote can be priced or cost.
It comes with built-in support to define the logic of getting data from a table, defining calculations etc.
Pricing Schemes are maintained in Pricing tab in Menu bar.
Go to Pricing > Pricing Schemes
The determined pricing scheme is assigned to quote at the time of creation. The related pricing scheme/procedure can be found in “Overview” tab.
For more info, please refer to Pricing Scheme