Question:
can i buy a merchandise for 1 dollar and sell it for two or three dollars? I want to know if there are any laws of pricing. if one charges only up to 1/6th the market price how does one really make that much profit. thank you so much
Answer:
You are allowed to sell the merchandise for two or three dollars, depending on the local price for that item. we are not allowed to sell items 16% above the market price, but if 3 dollars is basically the price fluctuates between the stores there is no problem selling for such a profit.
Sources:
CH:M 227-1, Pischei Choshen (Geneiva) chap.10 ftnt. 1.
