Tariffs trip up the all-American RV industry
Tariffs trip up the all-American RV industry
Forum Discussion
Hi,
Did the item cost me $10? No. It cost me $12.50. If I operated as you suggest and did not mark up from my cost price I'd soon be out of business. Plus there may well be extra office work so in the real world I might have to mark up the item even more.
Now if I were selling costume jewelry, the mark up would be 10 X the cost price. So if an item cost $1, it would be sold for $10.00.
Did the item cost me $10? No. It cost me $12.50. If I operated as you suggest and did not mark up from my cost price I'd soon be out of business. Plus there may well be extra office work so in the real world I might have to mark up the item even more.
Now if I were selling costume jewelry, the mark up would be 10 X the cost price. So if an item cost $1, it would be sold for $10.00.
schlep1967 wrote:
So as a small business owner you are not only passing along your increased costs, you are profiting 100% from the increased costs. Your price should be $20.00 + $2.50 = $22.50. What is the other $2.50 for? Pure greed.
