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Profit is different for different items at different businesses. I'm not a Business Major or anything, but I'm guessing the median mark-up on items is 100% (50
by MerelyMortal 5y ago
Profit is different for different items at different businesses.
I'm not a Business Major or anything, but I'm guessing the median mark-up on items is 100% (50% profit). Thus if I get a 40% discount on something (like a mattress), the seller is still most likely making a 20% profit.
- thaumasiotes 5y ago> I'm not a Business Major or anything, but I'm guessing the median mark-up on items is 100% (50% profit). Well, there's your first problem. A 100% markup will only yield 50% profit if you have no operating costs at all.
- deleted 5y ago[deleted]