Markup and Margin Calculator (Sri Lanka)

Sri Lanka has no general price control, but the Consumer Affairs Authority Act, No. 9 of 2003, gives the Consumer Affairs Authority (CAA) three tools. Under section 10 it can direct how goods are labelled and price-marked, and selling above a price marked in line with such a direction is an offence under section 11.

Under section 18 the Minister can declare goods or services essential by Gazette Order. A trader may then raise the retail or wholesale price only with the CAA's prior written approval. The CAA must decide within 30 days, and if it does not, the applicant may raise the price. Under sections 19 and 20 the CAA can also fix a maximum price by Gazette order after a Consumer Affairs Council investigation finds a price excessive. The order takes effect on publication and can be appealed to the Court of Appeal. Check the CAA's current Gazette orders before setting a markup on any regulated item.

Price display applies to every trader. Section 26 requires a conspicuous notice of the maximum retail or wholesale prices of goods that are not price-marked on the item or pack, and a complete price list kept at the place of business for inspection. Section 28 requires a receipt on demand showing date, quantity, price and whether the sale was wholesale or retail. Misleading or deceptive pricing conduct is prohibited by section 30.