2 ms·
Someone there couldn't math very well. First you mark up 50%. Okay, a $100 cost mattress gets sold at $150 wholesale. Then the retailer marks it up 100%, to
by msandford 14y ago
Someone there couldn't math very well.
First you mark up 50%. Okay, a $100 cost mattress gets sold at $150 wholesale. Then the retailer marks it up 100%, to $300 total. That's 200% of the production cost, not 74%.
What they meant to say is "production cost represents only 26% of the final cost of a mattress" but totally flubbed it.