Price increase by BMS

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Dynamic

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#268436 19-Mar-2020 16:45

I'm pretty brassed off at Business Management Solutions (also known as BMS IT Ltd) for price gouging. Laptops they advertised for $650 this morning .... "with massive stock demand & very little stock I have been advised that we can only sell these units for $750ex gst each".

They were my go-to for ex-lease gear. In the future, I'm going to be shopping around.

🤬

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#2441513 19-Mar-2020 16:47

That is not Price gouging!

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#2441515 19-Mar-2020 16:49

Is the percentage increase not high enough for you? 🤣

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Talkiet

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#2441544 19-Mar-2020 18:03

https://en.wikipedia.org/wiki/Price_gouging

What the Law Protects Against[edit]

State laws vary on what price increases are permitted during a declared disaster. California has set a 10 percent ceiling on price increases.[12] Florida prohibits a price increase “that grossly exceeds the average price” of that same item in the 30 days leading up to the emergency declaration.[13] Some state laws do not define what constitutes a “gross disparity,” making it difficult for either affected residents or law enforcement to determine when price gouging has occurred, while others merely limit vendors and landlords to price increases of less than 25 percent.[14] Laws often include exceptions for price increases that can be justified in terms of increased cost of supply, transportation, demand or storage.

An increase of $650 to $750 sounds to me extremely unlikely to satisfy any definition of price gouging.

Cheers -N

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#2441545 19-Mar-2020 18:03

https://consumer.findlaw.com/consumer-transactions/price-gouging-laws-by-state.html

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#2441674 19-Mar-2020 20:12

On that basis, I will just quietly fume about the 15% price increase after I put in an order to buy 5 laptops at the price they advertised this morning.

We came up with a different plan for our client.

“Don't believe anything you read on the net. Except this. Well, including this, I suppose.” Douglas Adams