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Seeing all the supposed $5,000 LED TVs on Amazing selling for $1,200 is always a good laugh... A tangent, but it was a fun conversation recently with the girlf
by jeffwilcox 11y ago
Seeing all the supposed $5,000 LED TVs on Amazing selling for $1,200 is always a good laugh...
A tangent, but it was a fun conversation recently with the girlfriend in Hawaii staying at the St. Regis. (Hawaii has a hotel rate 'fairness' law) Inside the closet there's the legal statement: "Suite maximum daily rate $9,600". You're never going to see that rate unless either the Olympics come to town or it's New Year's Eve... "no, we did NOT pay $10k a night" ... "wow, but that's what this costs!? Wow!" ... "No... no... but how else would you comply with a maximum rate law?"
- rusanu 11y agoIn Romania the law requires all retailers to display the maximum price markup they have. Dutifully every single retailer displays the same notice "This store practices price markups between 0 and 300%" (over 300% notices exists, but are rare).
- aidenn0 11y agoWow, 300% is low for maximum markup in the US. Small clothing stores, for example, have approximately a 1000% markup. I worked at one such store, and the store only turned a profit in November and December (due to rent being so high).