Selling price is cost plus margin how to achieve this for sales order creation

Summary:

We have a business requirement where the selling price on the Sales Order line should be calculated as:

Selling Price = Cost + Margin

We're looking to implement this pricing logic automatically during sales order creation.

I believe this could be achieved through a price algorithm, but I'm not entirely sure about the best approach or if anyone has already implemented a similar scenario.

Has anyone done something similar?
If yes, could you please share your experience, documentation, or any tips on how to configure this?

Any guidance would be greatly appreciated!

Version (include the version you are using, if applicable):