Product Pricing Policy

1. Purpose

This policy outlines the principles and practices used by blackmyth technology private limited to price products sold on our e-commerce platform. It ensures pricing is fair, competitive, and aligned with market standards while maintaining profitability and customer satisfaction.

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2. Scope

This policy applies to all products listed for sale on our website ( https://blackmyth.market/ ), including first-party and third-party/vendor-supplied products.

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3. Pricing Objectives

Ensure competitive and fair pricing.

Maintain sustainable profit margins.

Reflect the value offered to customers.

Comply with legal and regulatory requirements.

Enable flexibility for promotions and market changes.

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4. Pricing Strategy

4.1 Cost-Based Pricing

Prices are set based on:

Product cost (COGS)

Operating expenses

Desired profit margin

Formula:
Price = Cost + Markup

4.2 Market-Based Pricing

Pricing may be influenced by:

Competitor pricing

Market demand and supply

Industry trends

4.3 Dynamic Pricing

We may use automated tools or algorithms to adjust pricing in real time based on:

Competitor prices

Inventory levels

Customer demand

Time-sensitive promotions

4.4 Psychological Pricing

Prices may end in .99 or .95 (e.g., $19.99) to enhance perceived value.

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5. Promotions & Discounts

Promotional prices may be applied temporarily.

Discounts must have clear start/end dates and be transparently displayed.

Crossed-out or comparison prices must reflect genuine former prices.

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6. Third-Party Seller Pricing (if applicable)

Sellers must adhere to platform pricing guidelines.

Price gouging, misleading discounts, or fake reference pricing is prohibited.

The platform reserves the right to suspend listings with non-compliant pricing.