NAC584.6507. Minimum markup of butter, milk and fresh dairy by-products by retailers; reduction of markup.

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     1. A retailer may apply to butter a minimum markup of 6 percent of the purchase price and may apply to milk and fresh dairy by-products a minimum markup of 10 percent of the purchase price. Retailers shall file statements of costs for butter and fresh dairy by-products in accordance with NRS 584.583, unless they are using the markup permitted by this subsection.

     2. A retailer may reduce the prescribed markup to the extent necessary to meet a lawful competitive price if it submits information to the Commission in the manner set forth for distributors in NRS 584.584.

     3. As used in this section, “purchase price” includes the cost of the product and the cost to transport the product to the retailer.

(Added to NAC by Dairy Comm’n, eff. 9-5-83; A 8-26-96; R082-11, 5-30-2012)—(Substituted in revision for NAC 584.6245)

                    
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