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CoS: Arkaadia (2.0) removed this three-part pricing system. Merchant prices are now static. As such, this Guide is no longer relevant.
Pricing in City of Steam is dependent on three things: Base Price, Shop Prices, and Player Sales. These three values appear at the bottom of every merchants interaction UI.
The shop will also display a restock time. This tells you that in x minutes his inventory will shuffle and he may offer a few items that are above the quality of his normal wares. Shops can also sell out of regular stock.
Note: You can sell at an Alchemer, but generally their Player Sales value is only 5%.