Section 3
SEC. 3. For the purposes of this Act an abnormal price level shall be deemed to exist whenever the price, retail and/or wholesale, of a commodity has risen to an unreasonable level considering public interest, the procurement cost of the commodity and the just and fair margin of profit which the wholesaler or retailer should realize. To determine the maximum prices provided in Section 2(1) hereof, the following factors shall be taken into account: The estimated supply of the commodity available in the market; The cost of production of the commodity, if locally produced, or its landed cost and the duties or taxes paid thereon if imported; The cost of distribution which shall include the cost of transportation, storage or warehousing dues, rent als, management, salaries and wages; and The reasonable margin of profit which should be allowed to insure a continuous supply of the commodity and/or encourage the local production thereof.