DESC:SYSTEM AND METHOD FOR RETAIL PRICING WITHIN PRODUCT LINKAGES ,CLAIMS:1. A processor-implemented method comprising
receiving, by one or more hardware processors, a ranking criteria defined for items in a product linkage and predefined business rules, wherein the product linkage comprises a set of items linked to each other;
ranking, by the one or more hardware processors, the items in the product linkage based on the ranking criteria defined for the items;
comparing, by the one or more hardware processors, a retail price of an item with a retail price of linked items in the product linkage, in an order of the ranks, based on the predefined business rules;
computing, by the one or more hardware processors, retail price tolerance limits of the item based on saving ranges between the item and linked items upon comparison; and
updating, by the one or more hardware processors, the retail price of the item in the product linkage based on the computed retail price tolerance limits.

2. The method as claimed in claim 1, wherein the ranking criteria comprises at least one of key value indicators, brand type, size, color, font and sensitivity.

3. The method as claimed in claim 1, wherein the saving ranges are recommended by at least one of a size link and a brand link between the item and linked items in the product linkage.

4. The method as claimed in claim 3, wherein updating the retail price of the item in the product linkage based on the computed retail price tolerance limits, comprises:
computing a first retail price tolerance limit between a size linked first item and second item and a second retail price tolerance limit between a brand linked second item and third item when the first item ranking drives retail changes to the second item, the second item is linked to the third item in a complimentary link, and the third item received a retail change; and
updating a retail price of the second item based on an overlapping tolerance limit between first retail price tolerance limit and second retail price tolerance limit.
5. The method as claimed in claim 4, wherein the overlapping tolerance limit is obtained based on minimum and maximum values in the first retail price tolerance limit and second retail price tolerance limit

6. The method as claimed in claim 3, further comprising:
updating at least one of saving ranges recommended by the size link and the brand link of an item when at least one of a retail price of the item is beyond associated retail price tolerance limits compared with associated linked items and the retail price of the item is a new retail price.

7. A system comprising:
one or more memories; and
one or more hardware processors, the one or more memories coupled to the one or more hardware processors, wherein the one or more hardware processors are capable of executing programmed instructions stored in the one or more memories to:
receive a ranking criteria defined for items in a product linkage and predefined business rules, wherein the product linkage comprises a set of items linked to each other;
rank the items in the product linkage based on the ranking criteria defined for the items;
compare a retail price of an item with a retail price of linked items in the product linkage, in an order of the ranks, based on the predefined business rules;
compute retail price tolerance limits of the item based on saving ranges between the item and linked items upon comparison; and
update the retail price of the item in the product linkage based on the computed retail price tolerance limits.

8. The system as claimed in claim 7, wherein the ranking criteria comprises at least one of key value indicators, brand type, size, color, font and sensitivity.

9. The system as claimed in claim 7, wherein the saving ranges are recommended by at least one of a size link and a brand link between the item and linked items in the product linkage.

10. The system as claimed in claim 9, wherein the one or more hardware processors are capable of executing programmed instructions to:
compute a first retail price tolerance limit between a size linked first item and second item and a second retail price tolerance limit between a brand linked second item and third item when the first item ranking drives retail changes to the second item, the second item is linked to the third item in a complimentary link, and the third item received a retail change; and
update a retail price of the second item based on an overlapping tolerance limit between first retail price tolerance limit and second retail price tolerance limit.

11. The system as claimed in claim 10, wherein the overlapping tolerance limit is obtained based on minimum and maximum values in the first retail price tolerance limit and second retail price tolerance limit

12. The system as claimed in claim 9, wherein the one or more hardware processors are further capable of executing programmed instructions to:
update at least one of saving ranges recommended by the size link and the brand link of an item when at least one of a retail price of the item is beyond associated retail price tolerance limits compared with associated linked items and the retail price of the item is a new retail price.