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
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.
CH:M 227-1, Pischei Choshen (Geneiva) chap.10 ftnt. 1.