Automatic Age

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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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