Answer/Solution:
1. Navigate to Lists> Search> Saved Searches> New
2. Click on "Transactions"
3. On the Criteria tab> Standard sub tab, set the following:
-Type is Sales Order
-Click on Formula (Text) and on the Pop-up window indicate the following:
-Field= Price Level
-Formula= {pricelevel}
-Formula (Text)field/dropdown = is Custom
4. Navigate to Results tab > Columns subtab, add Price Level
5. Enter Search Title and click Save & Run button
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