Word: markup
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Dates: during 1970-1979
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...over portraits, how statues of women were superior to statues of men but less impressive than engravings on postage. He told them how to choose wines and why solos were more acceptable to Him than duets. He told them the secret causes of inflation - 'It's the markup,' He said - and which was the best color and how many angels could dance on the head of a pin. He explained why English was the first language at Miss Universe pageants and recited highlights from the eighteen-minute...
...into about ten different products, including 20 gal. of gasoline and 10 gal. of home heating oil. Of the two, heating oil is less expensive to make, and the oil majors spend little on advertising and transporting it. They sell this oil at about 48? per gal., a 14? markup, to wholesalers. These middlemen then sell it to retail dealers. Partly because the wholesalers pay for storage and the dealers pay for advertising and home delivery, they collectively add 14? to the final retail price of about...
Because gasoline costs more to refine, and the companies spend more to advertise and deliver it right to the pump, they sell it for 54.4? per gal., a markup of 20.4?. Unlike heating oil, gasoline is heavily taxed; federal, state and local taxes add 13.2? per gal. The service station tacks on an average 9.7? per gal., to bring the cost up to the national average...
...state stores," the board jacks up the price 48% for its own profit, then adds an 18% "emergency" tax levied decades ago to help victims of the 1936 Johnstown flood, and finally tacks on a 6% sales tax. When these taxes upon taxes are compounded, they amount to a markup of 85% for the state. Not surprisingly, Pennsylvanians try to purchase much of their liquor in neighboring states like Maryland, where a half-gallon oi whisky sells for about one-third less Pennsylvania officials complain that out-of-state purchases cost the Pennsylvania treasury some $25 million a year...
...vice president of H.R. Harmer Inc., an international stamp auction house: "Starting about five years ago, people began spending big money on stamps $20,000 to $25,000. They'd sell their stocks, but keep their bonds." One handicap to both investments: retailers can place such a high markup on both diamonds and stamps that the buyer has to wait years before the retail price rises enough to overcome the markup...