Im a VO reseller (newbie), and just looking to see what prices people are charging as resellers? Do they usual go above the price of their parent sellers or below?

As a VO's reseller, I get, for example a package for $6.95, and their retail for the same package is $13.95, at what price should I resell the package for? What price would people usually resell the example package for? I was planning to charge $1 less than retail of VO, so my customers would at least be getting some value or else they would rather stick to the original VO's package, which raises another I have to mention anywhere that im only a reseller? if I don't, then when they ask questions about the server, do i just answer them as if it is my server? would it be illegal?

Sorry for funny questions, im starting up and need to know a few things...