No condition table maintained for price list prices for condition type &1

What causes this issue?

In order to calculate prices for price lists, you enter in Customizing
the condition table which is to be used for creating price list prices
(purchase and sales prices), depending on the calculation schema used.
However, the system could not find an appropriate entry in the
Customizing table for the key for the current item, calculation schema
&V2&, application &V3&, condition type &V1&, pricing level 03 (price
lists).

System Response

You must always specify a condition table for the sales price.
If a required entry is not supplied, prices cannot be calculated for
the price list in the current distribution chain. If there is no entry
for the purchase price, no update is possible.

How to fix this error?

Check your Customizing settings.
If necessary, enter the condition table required for the aforementioned
key in Customizing for <DS:SIMG.W_ZF_VK_0380.SIMG_OKAL>Control sales
price calculation</>. Ensure that the table is suitable for creating
price list prices, and that the condition table is included in the
access sequence for condition type &V1&.
Alternatively, check that the calculation schema and the condition type
are correct. Ensure that default pricing type '0001' is used to
determine the calculation schema for distribution chains which are not
assigned a pricing type in Customizing.
INCLUDE ISR_CUSTOMIZING

Error message extract from SAP system. Copyright SAP SE.