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If Amazon decide to reduce the price of books, are they still not obliged to pass on the agreed percentage of the retail price to authors?

If Amazon decide to reduce the price of books, are they still not obliged to pass on the agreed percentage of the retail price to authors?"
They once reduced the price of my paperback. My payout did not reduce for that period.

I thought that would be the case. They still have to pay out what is due even if they reduce the price themselves.

So any costs incurred will probably be booked out to the promo budget
Never bothered signing up to it myself, it just struck me as an expensive way of locking myself into Amazon
They are also doing a summer kindle sale