Word: markup
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Dramatically Kefauver's staff presented a chart showing that the Schering Corp. sold bottles containing 100 tablets of prednisolone, an antiarthritic drug, to druggists for $17.90, although the cost of buying the drug from another drug manufacturer and bottling it came to only $1.57. Was this markup of 1,118% fair? Kefauver asked...
...markets). Some stores still do not sell frozen foods, leave the meat to the outside butcher; only a few are big enough to produce their own brands of canned goods. But they all have one thing in common with U.S. markets: high-volume, low-markup operations, which give customers more for their money and the operators more profit...
...hats so high priced? Top hat workers get high wages ($4.50 an hour) and spend an average of six hours' work on a Victor hat. The markup is high (100% to make up for the seasonal nature of hats, greater sales risk and packing costs...
Concludes Manufacturer Cutter (which gets $32.91 for a r-gm. injection kit, leaves the service markup to the discretion of the hospital): "We wanted to explain the high cost of the product, even if we could not make the bill any easier...
...specialty-food stores has doubled to 6,000, and there are another 6,000 gourmet corners in groceries, drug and department stores, supermarkets, etc. It is in the supermarkets that the greatest potential market is beginning to grow. Supermarkets, which usually work on a 16% to 20% markup and a 1.6% profit margin, are turning to the fancy foods because of the high markup...