Submitted by Daemonrealm t3_125co8w in mildlyinteresting
Birthday_dad420 t1_je5wyy2 wrote
Reply to comment by Shufflepants in My perfume bottle has a slanted glass bottom to ensure the last drop can be used by Daemonrealm
"say 5%-15%" Big supermarket chains: *Laughs in 300%+"
Shufflepants t1_je6886d wrote
What supermarket products have a 300% profit margin? Remember, profit is after all costs. A 300% markup is not the same thing as 300% profit.
Birthday_dad420 t1_je8kb0a wrote
I meant it like they produce it for 100% then sell it for 400%
Shufflepants t1_je8m4oq wrote
Supermarket's don't produce anything. They buy stuff from distributors or producers and then resell it. Are you suggesting supermarkets you go to are buying things for x and then selling it for 4*x, or are you suggesting that they buy it for x and then sell for (x+c)*4 where c is a proportional amount of all their other costs?
I'm talking about profit margins which subtract out all their costs. Everything I can find says that grocery stores typically operate on 1%-3% profit margins. Nowhere near the absurd rate you're suggesting.
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