i can help you. I would say on that page its using java script to put the new price in.
onchange="call function for javascript here";
so basically an example of this would be
<html>
<head>
<title> onchange - example </title>
</head>
<body>
<form>
<input type="text" onchange="alert('u changed value')";
</form>
</body>
</html>
in that example if u type anything into the box and press etner it will tell u it changed with an alert.
javascript wont work for everyone who visits your site tho. So maybe you want to go on a different root or use both methods. A different method would be making a calculating button that grabs the strings from the drop down menu and then caluculates that in PHP then outputs the price below.
hope this helps