| would it be possible to get a definition of "markup"? in richard's case buying at $1 and selling at $2 would seem to be a markup of 100%, since your selling price is twice your cost. true, your profit is only 50% of the sale price, but your profit is also equal to 100% of your cost. a "50%" markup would mean selling at $1.50, wouldn't it?
and it's entirely possible that the retail markup in the usa is 300%, since the department and jewelry stores are always having x% off sales. how could they possibly afford to have tiny markups, then hold sales and still turn a profit? |