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SEPTEMBER - OCTOBER, 1943
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VOLUME 1 !
6
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IMBER 4
43
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AUTOMATIC AGE, $1.00 per year. Published bi-monthly by Automatic A
r~c., 4021 N-Yfaelvina Ay«£ Chicago. Entered as
second class matter February 20, 1943, at the Post Office at Chicago, 111., under the'AotOQf Mar
1897. Printed in U.S.A.
P r ic in g M e t h o d s
fo r U s e d
The necessities of war have
reduced or stopped the produc
tion of many lines of consumer
durable goods. As a r e s u l t ,
many used articles are assum
ing an increasingly important
place in our national economy.
To stabilize prices of such arti
cles the Office of Price Admin
istration issued Maximum Price
Regulation No. 429, effective
September 1, 1943.
Articles of durable goods
covered by this regulation com
prise an extensive list. Included
were coin operated vending
machines for cigarettes, candy,
beverages, etc.; and coin opera
ted weighing machines, music
machines, pin ball machines
and o t h e r amusement ma
chines.
Aside from the applicability
of the provisions of the above
regulation to the products of
the coin machine industry —
due to operating conditions,
availability of parts, and other
factors which created hard
ships peculiar to this industry
— the regulation sets forth
some sound yardsticks which
bear close attention. Obviously,
we cannot go into the practic
ability of the regulation and
the rules it imposes — as actual
practice alone will tell whether
M a c h in e s
s p e c i a l considerations must
be brought into account.
Three steps are presented by
which a ceiling price may be
determined.
1. Find the price of a new
article that is the same as, or
similar to, the article you are
pricing.
2. Find out whether the ar
ticle you are pricing is in Class
1 or Class 2.
3. If your article belongs in
Class 1 your ceiling price is 75
percent of the price of the new
article. If it belongs in Class 2
your ceiling price is 33 1/3%
of the price of the new article.
Your selling price m a y be
less, but it must not be more
than your ceiling price.
In finding the price of a new
article, which you are going to
use in figuring a ceiling price,
you m u s t use the following
rules in the order in which they
are shown:
Rule 1. If you carry the same
article, new, for sale in your
own stock, you must take the
r e t a i l selling price of this
article.
Rules 2, 3, 4 are predicated
on finding the price of a simi
lar article, new, in your own
© International Arcade Museum
stock; the same article, new,
in your shopping area; take the
retail selling price of a similar
article in your shopping area.
Rule 5.. If the same or simi
lar article is not being sold in
your shopping area, find the re
tail selling price at the time it
was last sold as a new article.
Remember, you must use the
first of the above Rules that
fits the article you are pricing.
H o w to F in d the Class of
Used A rticles
All used articles covered by
the Regulation are divided in
to two classes, as follows:
Class 1: To be in Class 1 an
article must meet these condi
tions :
The article must contain all
parts necessary to make it fully
useful.
The article must be in good
working condition, must be us
able by the consumer for the
purpose intended without fur
ther repair, must be clean and
must have a good appearance.
Example: Floor coverings,
upholstered furniture and bed
ding must be clean and sub
stantially free from burns, cuts,
tears, s t a i n s , frayed edges,
faded colors, and worn spots.
Class 2: All articles not in
cluded in Class 1 are Class 2
articles.
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