The Extended Pricing module allows you at add date sensitive pricing in your system. The module is also more customer oriented than the basic pricing.
This is a basic set up diagram of the module; with some key points listed:

The price sheet is the basis for pricing. Price sheets will include all basic pricing and promotional pricing. You will want to set up a basic price sheet that contains basic pricing for all you items. Additional price sheets should be set up for different promotions or special pricing.
Price groups can be set up to include items with the same pricing. These are especially helpful for promotions or special pricing. You likely will not want to use them for basic pricing.
Price sheets are all activated for specific time periods; even the basic/default price sheet.
Price books should be used to assign default pricing to your entire customer base, and to assign pricing to individual customers, or groups of customers.
There is a special feature that allows you to set up a promotion that gives the customer a free item when they purchase a specific quantity of an item. Here is an example below that shows the quantity brackets for which the free item is offered:



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