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If your business violates this law, it faces severe penalties. Businesses must always comply with the Competition Act of Canada, which specifically defines legal pricing practices. Clearly, it is important for you as a consumer and as a business operator to be able to calculate markdowns.īusinesses must also thoroughly understand markdowns so that customers are charged accurately for their purchases. Under the code, when the scanned price of an item without a price tag is higher than the displayed price, the customer is entitled to receive the item free of charge when it is worth less than $10, or receive a $10 reduction if the correct price is worth more than $10.
#QUICKY MART EXPRESS CODE#
The Scanner Price Accuracy Volunteer Code endorsed by Competition Bureau of Canada and managed by the Retail Council of Canada on behalf of participating Canadian retailers may result in even greater impacts to business finances. In addition to price inaccuracies having an impact on business finances and customers’ pocketbooks, scanner price inaccuracy may result in violations of Canada’s Competition Act. A computer system is only as accurate as the person keying in the data.
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The cashier apologizes for the mistake and corrects your total.Īlthough most retail stores use automated checkout systems, these systems are ultimately programmed by human beings. If they are 40% off, you should receive a $200 deduction and pay only $300. The regular total of all your items is $500. You are about to hand over your credit card when something about the total makes you pause. The cashier processing the transaction informs you that your total is $325.
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Flashy signs in a retail store announce, “40% off, today only!” Excitedly you purchase three tax-free products with regular price tags reading $100, $250, and $150.