Section 584.6507 - Minimum markup of butter, milk and fresh dairy by-products by retailers; reduction of markup1. A retailer may apply to butter a minimum markup of 6 percent of the purchase price and may apply to milk and fresh dairy by-products a minimum markup of 10 percent of the purchase price. Retailers shall file statements of costs for butter and fresh dairy by-products in accordance with NRS 584.583, unless they are using a markup equal to or greater than the minimum markup permitted by this subsection.2. A retailer may reduce its price to the extent necessary to meet a lawful competitive price and is not subject to penalty if it submits information to the Commission in the manner set forth for distributors in NRS 584.584.3. As used in this section, "purchase price" includes the cost of the product and the cost to transport the product to the retailer.Nev. Admin. Code § 584.6507
Added to NAC by Dairy Comm'n, eff. 9-5-83; A 8-26-96; R082-11, 5-30-2012-Substituted in revision for NAC 584.6245; A by R109-13, eff. 6/23/2014