Word: markup
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...dealer's cost, tacks on from $100 to $200 as his own profit. He may sell from his own showroom or lot, or refer customers to a cooperating authorized dealer, who gives him a cut. Under normal market conditions, the discounter might be cheaper than regular dealers, whose markup runs as high as 24%. But under current conditions, many "discounters" are selling cars at higher prices than regular dealers. With auto sales in a slump, dealers are so anxious to move their cars that they often will sell them direct to customers for as little...
...factory on their 2,300-acre property, work in shifts from 7 a.m. to 7 p.m. over the steaming vats. The jellies are distributed in all 50 states and in Canada by Heublein, Inc. (packaged cocktails). They sell for slightly more than similar jellies. "We have a fair markup," says Father John Holohan, St. Joseph's subprior (who has permission to talk because he must confer with "the outside world"). "We have never wanted to take advantage of our free labor and our tax-exempt position." The monks are building a new and automated kitchen, have set themselves...
...good against virus infections, druggists usually tell them they need a prescription. (Virtually the only antibiotic preparations not on prescription are tablets containing small amounts, for sore throats.) They then generally recommend aspirin in one of the proprietary versions of APC on which there is a fat price markup. Though the medical benefits of aspirin are not easily measured, most doctors agree that it does some good, somehow...
...fast that Britain's Institute of Directors lists 25,000 members; a decade ago there were only 400. Also spreading is the U.S. style of low-markup, high-volume operation. Germany's Mail-Order Magnate Joseph Neckerman has grown into a sort of Teutonic Sears, Roebuck in fewer than ten years. He sells a list of 5,500 items through 22 mail-order stores, 48 special-appliance stores, and by undercutting the competition as much as 25%, tots up sales of $125 million annually. Says Neckerman, expounding a U.S. philosophy: "The consumer is king...
...much, said Brown haughtily, the problem is "inadequate income rather than excessive prices." In reply, the subcommittee staff brought out that Schering bought some hormone tablets at 12? per 60 from a French manufacturer, wholesaled them as "Progynon" for $8.40 with a consumer price of $14-a 7,079% markup...