On November 1, a new law goes into effect that prevents retailers from marking up many products. It reverses the Unfair Sales Act of 1949, an Oklahoma law that required a 6% markup on items like baby supplies, groceries and gas.

What is the Unfair Sales Act of 1949?

The Unfair Sales Act is a former Oklahoma law that mandated a minimum retail markup on certain goods. It was originally designed to protect small retailers from large competitors.

"For 76 years, we've had this statute in place that requires retailers to mark goods up six percent," said Senator Daniels. "And, not only do I disagree with that, you know, because we shouldn't be setting the prices of goods for vendors, but also, it was at a time when there was some concern with post-World War II about helping out smaller entitie

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