Word: markup
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Dates: during 1950-1959
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...Markup. In Seattle, Truck Driver James E. Lumpe was sentenced to 20 days for disorderly conduct after he swiped a $1 campaign button at Stevenson headquarters, tried to peddle it for $2 at Eisenhower headquarters...
...will be more competitive in 1957, especially Plymouth, which will probably average smaller boosts than Ford or Chevrolet (TIME, Oct. 22). The big remaining problem is still Chrysler's dealer organization. Chrysler dealers have been slow to make attractive deals, hesitate to switch over from old-fashioned high markup on a small number of sales to low markup on high volume...
...enough good seats, the scalper has to tap several sources. He has friends mail in for tickets for potential hits, buys other tickets through theater benefits, paying the steep benefit markup. He also buys directly from the box office or from reputable brokers, often luring assistants to help him, since his money still speaks louder than the New York Department of Licenses, which has fruitlessly tried to end illegal ticket practices. Some small-timers find it profitable to sell their position in line for My Fair Lady's 30 standing-room tickets a day for as much...
...bare profit figures do not tell the whole story because the packer does not get his entire profit from meat sales. A large part of it comes from byproducts, e.g., hides and tallow. This permits the packer to live off a very low markup, or none at all, on the meat itself; e.g., in 1951, packers actually sold meat to wholesalers at less per pound than they had paid the farmers. Nevertheless. Swift still had a profit of $12 million. In short, the elimination of all the packers' profits on meat sales would have little effect on the farmer...
...matter how painless stamp plans may appear, it is still the customer who eventually pays. Though most retailers publicly deny that they raise prices to cover the extra cost, the price of the stamps ultimately finds its way into the store's markup. In a study of western retailers, the University of New Mexico Bureau of Business Research discovered that most raised prices about 4% to make sure that all extra expenses would be taken care of. Thus, if a shopper filled four books of stamps by buying $480 worth of groceries and won a $13 chafing dish...