It is normal if it exceeds the maximum approved by the price department. If it exceeds ten times the purchase price, it is a huge profit. It is illegal. According to relevant legal provisions, if an operator violates the provisions of the Price Law and uses false or misleading pricing methods to trick consumers or other operators into conducting transactions with him, he shall be ordered to make corrections, his illegal gains shall be confiscated, and he shall be fined no more than 5 times the illegal gains. fine.
Legal Analysis
Buying at a low price and selling at a high price are normal market transaction rules, which reflects the principle of autonomous trading in civil law. China implements a market economy. Except for some commodities that are set by the government, the prices of other commodities are freely adjusted by the market. As long as the price is voluntarily agreed between the buyer and seller, and the buyer has a full understanding of the use, quality, and nature of the goods, it is a legal act. If the seller deliberately conceals defects in the goods, or forces the buyer to purchase them through fraud or coercion, the buyer can terminate the sales contract through litigation, and the buyer can demand compensation from the seller for losses caused. For goods that the state allows to be bought and sold freely, operators buy them at low prices and sell them at high prices. This is an inevitable requirement of the market economy and is a business method adopted by all operators to obtain economic benefits. It is not illegal. On the contrary, buying at high prices and selling at low prices are abnormal behaviors and may be suspected of constituting illegal activities such as disrupting market order. Buying and selling generally refers to the exchange of goods or currencies between two parties in exchange for the items they need. They usually sign a sales contract. Buying and selling is the earliest and most basic transaction behavior of human beings. Selling one thing in quantity has been around since ancient times. It is most common when prices fluctuate. However, this practice is mostly due to disregard of credit and seeking personal gain. It consists of three elements: transaction subject, transaction object and transaction content.
Legal Basis
Article 3 of the "Price Law of the People's Republic of China" The state implements and gradually improves the mechanism for price formation mainly by the market under macroeconomic control. Prices should be set in line with the law of value. Most goods and services are subject to market-regulated prices, while a very small number of goods and services are subject to government-guided prices or government-set prices. Market-regulated prices refer to prices set independently by operators and formed through market competition. Operators as mentioned in this Law refer to legal persons, other organizations and individuals engaged in the production and operation of goods or the provision of paid services. Government-guided price refers to the price set by the government price department or other relevant departments in accordance with the provisions of this Law, and in accordance with the pricing authority and scope, stipulates the benchmark price and its fluctuation range, and guides the operators to set the price. Government pricing refers to prices set by the government pricing department or other relevant departments in accordance with the pricing authority and scope in accordance with the provisions of this Law.