Research - Magazine price

I did some research into the prices of magazines of a similar genre to my magazine (alternative/indie) and found out the prices of the following music magazines:

Kerrang - £2.20
Q - £3.90
NME - £2.30

From researching magazine prices of magazines, I found out that most music magazines of the indie/alternative genre fit into the price range of £2.00 - £4.00.

I decided to price my magazine at £2.99. I have chosen this specific price as I think that it is a reasonable price to pay for a music magazine, and I also took my target audience into consideration.

As my target audience is students, and a lot of students don't really have that much money to spend on things that are not necessities, I think £2.99 is a good price to sell my magazine at as it is affordable for everyone in my target audience.