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Marking Up Prices

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Old 22 August 2003, 07:36 PM
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Terzo 333
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Red face

Just bought a chair for my desk at home from Homebase. Now, the RRP of this is £99.99. I have just bought it for half price, and seeing as though it is 10 % day, got another £5 off it

It makes you wonder how much mark up shops like this put on when they can sell it for £45 and still (I would imagine) make a profit.

That's that off my chest



Old 22 August 2003, 07:47 PM
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fatherpierre
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It's the same with most items, except for food.

Clothes and Jewellery are among the highest marked up items.
Old 22 August 2003, 08:05 PM
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Mice_Elf
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Most items that you purchased in a shop are bought for less than a third of what you pay.

Items are usually bought in, marked up by 3x and then rounded up for VAT.
Old 22 August 2003, 08:09 PM
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unclebuck
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I used to run a bar. You don't want to know the mark up on booze. Even more on soft drinks. For example a 'mixer' such as orange juice, tonic etc cost around 4p a bottle and sell for a pound

UB
Old 22 August 2003, 08:20 PM
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*Sonic*
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Vinegar (and I mean Malt, not Tescos own label Wine) and Vimto Pop are amongst the highest marked up items on foodstuffs



[Edited by *Sonic* - 8/22/2003 8:20:41 PM]
Old 22 August 2003, 08:23 PM
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fatherpierre
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My mate is manager of a 'crap' jewellery shop.

Everything they sell is between 15x and 500x marked up.

A battery watch is a fiver. They get them for just over 1p each.

Bargain.
Old 22 August 2003, 08:37 PM
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micaAB
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it is rumoured that the b&qs and homebases of this world sneak they're prices up before having a sale and then advertise everything as discounted - which is probably the price that it was before.
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