Big Als Closing Down

woodcarver · #1 03-01-2006, 09:28 PM

"Also he said everything wont go lower then 25% as it will be below cost (cough cough 40% markup)"
.
One has to remember that 40% mark up is almost the same as 25% discount!
$1.00+40% =$1.40p $1.40p -25% =$ 1.05p!!

SJSobczyk · #2 03-01-2006, 09:55 PM

I hate to get off topic again but this needs correction as well. Markup cannot be figured out by simple multiplication.

MARKUP
$1.00/(1-40%) = $1.67

DISCOUNT
$1.67 x 0.75 (25% discount) = $1.25

Steve

Quote:

Originally Posted by woodcarver

"Also he said everything wont go lower then 25% as it will be below cost (cough cough 40% markup)"
.
One has to remember that 40% mark up is almost the same as 25% discount!
$1.00+40% =$1.40p $1.40p -25% =$ 1.05p!!

woodcarver · #3 03-01-2006, 10:20 PM

Hope you guys soon get another store in the area .

Samw · #4 03-01-2006, 11:08 PM

Quote:

Originally Posted by SJSobczyk

I hate to get off topic again but this needs correction as well. Markup cannot be figured out by simple multiplication.

MARKUP
$1.00/(1-40%) = $1.67

DISCOUNT
$1.67 x 0.75 (25% discount) = $1.25

Steve

I would think that markup means the amount marked up from cost. So a 40% markup from $1 is $1.40. Whereas 40% is the gross margin for an item that was marked up by 67% from $1 to $1.67 (.67/1.67).

See:

http://www.cbsc.org/servlet/ContentS...GuideFactSheet (See bottom of page)

http://www.dinkytown.net/java/ProfitMargin.html

http://www.csgnetwork.com/marginmarkuptable.html

woodcarver · #5 03-01-2006, 11:50 PM

What Sam says

Cost a dollar ,retail a dollar forty, knock of thirty five cents you've made five cents ??

digital-audiophile · #6 03-02-2006, 12:50 AM

Went by tonight.. kinda to say goodbye to the store I guess. Picked up some food at 25% off

Got me the copy of The Reef Aquarium #1 ... good deals on books - 50% off.

Willito · #7 03-02-2006, 01:43 AM

I was told that if they were still open today, then they would stay open for 30 more days. Otherwise yesterday would have been the last day. Can anyone from Big Al's comment.

polosdog · #8 03-05-2006, 08:11 PM

Well I have to say I am not sorry to see that place go...over priced and overstocked (livestock wise)......How many saltwater sharks and eels did they kill!!!!!!!. The only person that had any decent experience at all was Nate and I am sorry he will be losing a job. Well good ridance and so long.
P.s. Arron and Barry are dancing in there shoes to hear the brothers are going down.

G1GY · #9 03-05-2006, 08:48 PM

I was going to go there and check out the deals, but when I read that MarineFauna Inc was getting stiffed for their last two shippments to them I decided I didn't need a deal that badly.

They should not have suppliers and others pay the legal bill for their lost battle.

I'm sure all the cash from this liquidation is never going to find it's way to the pockets that it rightfully belongs to.

impreza · #10 03-06-2006, 03:49 AM

Is there anything left? tanks? etc