Looks to me like you've got WHERE in there twice. An SQL statement should only have 1. (unless your using join, subqueries, etc.)
I havent tested this but try:
UPDATE `isc_products` WHERE `prodcostprice` >= 0 AND `prodcostprice` <= 1000 SET `prodprice` = (`prodcostprice` * 1.20);
notice, I removed your 2nd WHERE. hope that helps.
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