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In this video, the presenter demonstrates how to pull parent information using a calculated field in Preact. The scenario involves needing to pull in information from an existing product into the quote line product. By using a calculated field, they were able to overcome the limitation of not being able to update the quote line product using workflows or data mappings. The presenter shows how they added a cost price field to the product and calculated the margin on the quote form, allowing users to work out their margins easily. This solution helps address the client's requirement to have cost price and margin information on the quote form.