Hikamarket - Multivendor - Access > Vendor Options

-- url of the page with the problem -- : artrageus1.com
-- HikaShop version -- : 2.6.0
-- HikaMarket version -- : 1.6.6
-- Joomla version -- : 3.4.4
-- PHP version -- : 5.4
-- Browser(s) name and version -- : chrome
-- Error-message(debug-mod must be tuned on) -- : n/a

Hello,

My client would like to setup 4 "artist" vendor types. Their commission, which is a %, would be based on the price of their goods for sale. For example:

Artists receive 90% of the sale, but they cannot post items that cost more than $10
Artists receive 85% of the sale, but they cannot post items that cost more than $25
Artists receive 80% of the sale, but the cannot post items that cost more than $250

I have setup the User Groups and Access Levels in Joomla. I've added the Vendor % payouts by User Type in Configurations>"Taxes and Fees Options".

I then found this page where it says "Maximum Price". Is this where I would set the prices listed above to limit the ability of them to add products that cost more?
Hikamarket>Access>Vendor Options


Is this correct? Now will the vendor type "Artists-10%" be limited by the maximum price of the product they add to their products?

Thanks,

Dawn