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"Everyone needs a fixed percentage to make money" I get they WANT to, and it's what a shoe retail strives for, but this isn't accurate. Cars for example aren
by AtlasBarfed 2y ago
"Everyone needs a fixed percentage to make money"
I get they WANT to, and it's what a shoe retail strives for, but this isn't accurate.
Cars for example aren't 100% marked up. That would be insanity.
- bluedino 2y agoShoe dealerships don't sell used shoes and have service/parts departments where they make most of their money
- anomaly_ 2y agoBecause cars are a high $ item vs. shoes. A business's overheads don't scale linearly with item price, so it's possible for a car mfg to achieve a similar net profit margin to a shoe mfg but with substantially lower gross profit margins.