Quote:
Originally Posted by Mrfish55
Any business running on that margin will not be in business for long...
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Absolutely! I'd figure another 0 on the end of those figures. Some higher end stuff is marked up less, 10 or 20%, but some dry goods are marked up 100% or more. Livestock can be up to 300% or more. figure costs of shipping, covering losses in shipping, supplying the environment to keep it, staff to maintain it, food, the shelf and fridge space to keep the food in, water, etc. It all adds up..
Salt for example is sold at close to cost, mostly because the market has driven it to that. So if the store doubles or triples the cost of the fish to go in that salt, I'm ok with that, as without profit, there wouldn't be a store to shop at.
As for the original question, yes, some stores lose some money on some items.