List Price not showing

I have a product and want to test the list price option so that i can put items on special.

I was assuming if the price is $5 and i put a list price of $3 it would show this on the product page.

However it is not. Is there something obvious i am missing?


The List price is supposed to be higher than the Price. Otherwise it will not show.

Right i get how it works now. Thanks for that