Hello, @MIKEMORTONMETALS.
Let me help share some information about Price Level in QuickBooks.
If you're using the QuickBooks Pro version, the price level type option is grayed out because the type only applies a fixed percentage increase or decrease to all your standard sales prices.
However if you're using the Premier/Enterprise version, you have the option to select between Fixed % and Per Item.
If you need more information about the differences between Pro, Premier and Enterprise version, you may check our site: https://quickbooks.intuit.com/desktop/.
Also, we have helpful articles in case you need them in the future: Help articles for QuickBooks Desktop.
Let me know if you have additional questions about your price level setting. I'm always here to help.