diff --git a/procs/approval_logic.ms.sql b/procs/approval_logic.ms.sql
index 272a0b4..cc72db4 100644
--- a/procs/approval_logic.ms.sql
+++ b/procs/approval_logic.ms.sql
@@ -1,9 +1,11 @@
-CREATE OR ALTER FUNCTION pricing.approval_logic(
+-- CREATE OR ALTER FUNCTION pricing.guidance_logic;
+
+CREATE OR ALTER FUNCTION pricing.guidance_logic(
     @target       numeric(20,5),
     @last_norm    numeric(20,5),
     @list_eff     numeric(20,5),
     @last_date    date,
-    @floor_pct    numeric(10,5) = 0.05,
+    @floor_pct    numeric(10,5) = 0.95,
     @cap_last_pct numeric(10,5) = 1.00,
     @cap_list_pct numeric(10,5) = 1.00
 )
@@ -14,32 +16,32 @@ RETURNS @ret TABLE (
 AS
 BEGIN
     DECLARE
-        @base_price     numeric(20,5),
-        @after_floor    numeric(20,5),
-        @after_cap_last numeric(20,5),
-        @final_price    numeric(20,5),
-        @reason         nvarchar(4000) = N'';
+        @base_price     numeric(20,5),  -- starting point (target if available, else last_norm, else list_eff)
+        @after_floor    numeric(20,5),  -- base but limited to x% lower than last price
+        @after_cap_last numeric(20,5),  -- previous step but limited to x% higher than last price
+        @final_price    numeric(20,5),  -- previous step but limited to x% higher than list price
+        @reason         nvarchar(4000) = N'';  -- logic source of price
 
-    -- no target → early return
-    IF @target IS NULL
+    -- Early exit if nothing to work with
+    IF @target IS NULL AND @last_norm IS NULL AND @list_eff IS NULL
     BEGIN
-        INSERT INTO @ret VALUES (NULL, N'No target price available');
+        INSERT INTO @ret VALUES (NULL, N'No target, last, or list available');
         RETURN;
     END;
 
-    -- start from target
-    SET @base_price = @target;
+    -- Pick starting base price
+    SET @base_price = COALESCE(@target, @last_norm, @list_eff);
 
-    -- Step 1: floor vs last_norm (only if it raises price)
+    -- Step 1: use base price unless it's more than x% below last price
     SET @after_floor = @base_price;
-    IF @last_norm IS NOT NULL AND @floor_pct > 0
+    IF @last_norm IS NOT NULL
         SET @after_floor = ROUND(
-            CASE WHEN @base_price >= @last_norm*(1-@floor_pct)
+            CASE WHEN @base_price >= @last_norm*@floor_pct
                  THEN @base_price
-                 ELSE @last_norm*(1-@floor_pct)
+                 ELSE @last_norm*@floor_pct
             END, 5);
 
-    -- Step 2: cap vs last_norm (only if it lowers price)
+    -- Step 2: use price from previous step but don't allow it to be x% above last price
     SET @after_cap_last = @after_floor;
     IF @last_norm IS NOT NULL
         SET @after_cap_last = ROUND(
@@ -48,7 +50,7 @@ BEGIN
                  ELSE @last_norm*@cap_last_pct
             END, 5);
 
-    -- Step 3: cap vs list_eff (only if it lowers price)
+    -- Step 3: use price from last step, but don't allow it to be more than x% above list price
     SET @final_price = @after_cap_last;
     IF @list_eff IS NOT NULL
         SET @final_price = ROUND(
@@ -57,35 +59,23 @@ BEGIN
                  ELSE @list_eff*@cap_list_pct
             END, 5);
 
-    -- Build explanation
-    IF @last_norm IS NULL AND @list_eff IS NULL
-    BEGIN
-        SET @reason = N'No prior sale or list; using target price';
-    END
-    ELSE
-    BEGIN
-        SET @reason = N'Using target price';
+    -- Reason text
+    SET @reason = 
+      CASE 
+        WHEN @target IS NOT NULL THEN N'Using target price'
+        WHEN @last_norm IS NOT NULL THEN N'Using last price as base'
+        WHEN @list_eff IS NOT NULL THEN N'Using list price as base'
+      END;
 
-        -- mention floor only if it raised the price
-        IF @last_norm IS NOT NULL AND @floor_pct > 0 AND @after_floor > @base_price
-            SET @reason += N', floored to ' + FORMAT(@floor_pct*100, '0.##') + N'% below last price';
+    IF @last_norm IS NOT NULL AND @after_floor > @base_price
+        SET @reason = N'Last price drop limit';
 
-        -- mention last cap only if it lowered the price
-        IF @last_norm IS NOT NULL AND @after_cap_last < @after_floor
-            SET @reason += CASE WHEN @cap_last_pct = 1
-                                THEN N', capped to not exceed last price'
-                                ELSE N', capped to ' + FORMAT(@cap_last_pct*100,'0.##') + N'% of last price'
-                           END;
-
-        -- mention list cap only if it lowered the price
-        IF @list_eff IS NOT NULL AND @final_price < @after_cap_last
-            SET @reason += CASE WHEN @cap_list_pct = 1
-                                THEN N', capped to not exceed list price'
-                                ELSE N', capped to ' + FORMAT(@cap_list_pct*100,'0.##') + N'% of list price'
-                           END;
-    END;
+    IF @last_norm IS NOT NULL AND @after_cap_last < @after_floor
+        SET @reason = N'Last price increase limit';
 
+    IF @list_eff IS NOT NULL AND @final_price < @after_cap_last
+        SET @reason = N'List price ceiling';
+                       
     INSERT INTO @ret VALUES (@final_price, @reason);
     RETURN;
 END;
-