Pricing Policies—Sales Sample Clauses

Pricing Policies—Sales. 1. All new textbooks, paperback books and trade books shall be sold at a price not to exceed the publisher's suggested price or a 25% gross margin on net priced books, inclusive of restocking fees, return penalties and freight surcharges. (Net priced books are defined as books purchased from publishers that do not have a publisher’s suggested list price or where the publisher’s discount to the bookstore is less than 20%.) Used textbooks will be priced at 25% less than the new selling price. Course packs and textbooks purchased from publishers with restrictive or non-returnable text policies, will be priced at up to a 30% gross margin. Where the benefit is greater for the student buyer, and market conditions warrant, percentages identified herein may be adjusted on a temporary basis only. 2. Xxxxxx & Xxxxx shall manage a “competitive price guarantee” program where a customer notifies Xxxxxx & Noble that its pricing for a similar textbook is higher than a local competitor at which time the Xxxxxx & Xxxxx bookstore management will either match the competitor’s price, or in the case of a previously completed sale, refund the price difference, plus give the customer an additional twenty-five cents and a coupon for 10 % off general merchandise. (In 2005 such a program was known as the “Price Match Program.”) 3. Used textbooks in good condition, whether cloth, paperback or otherwise, shall be sold for no more than seventy-five percent (75%) of the publisher's suggested retail price. The University expects the sale price of the used book to reflect its general condition and be pro-rated accordingly. 4. Xxxxxx & Noble shall make availability used books for sale to students as one technique to contain the cost of textbooks to students. Student leaders at Minnesota State University, Mankato, maintain that a significant part of the textbook inventory be comprised of used books in an effort to keep overall textbook costs at a minimum for student buyers. 5. Xxxxxx & Xxxxx will provide complete course pack and custom publishing series for faculty members. A Xxxxxx & Noble representative will meet with faculty to explain the program and to assist them in completing course pack forms. Course packs are to be produced locally using University Printing & Photocopying Services as the primary production source. To avoid confusion on the part of the student buyer, every effort should be made to ensure that no “complimentary” used books are sold to MSU students, particularly if t...