tom604 wrote:son of a b#%*h ^^^^^^ thats a bit of a mark up!!!!!
Mate, i spent a few years working in and with retail. I can assure you that 100% mark up is the minimum that must be achieved. Rent, wages, workers comp (if you employ staff), insurance (if you burn down), tax and a few other issues that must be addressed BEFORE you order the Porsche or Ferrari. Jewelry is usually 1000% - I'm serious and not trying to be funny. Google "The Truth about the diamond industry."
I've seen quite a few businesses go down, simply because the owners were dumb (didn't know what customer service means), greedy, try to run 2 books and get busted or because they generally don't give a s**t, get hit with WH&S fine or a combination of each.
Then I've seen businesses get shafted through non payment (subbies, doing trade work). There's a rumor that a certain construction company purposely under quoted a major project, knowing they'd never finish the contract. Assets got moved into wives & kids names. Guess what happened?? Directors say "gee, sorry, we didn't forecast blah, blah, blah" You can find these people in flash resorts.
The average person has woken up to the fact that the massive xmas etc sales are bulls**t - they are getting rid of stock that the stock purchaser must've been bribed to buy in the 1st instance.
Lucky we aren't getting shafted on factory ammo these days