Word: markup
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...million gals. of whisky, 80% more than ten years ago. Reason: many customers are buying less, or shifting to lighter drinks, because of stiff federal taxes on spirits, boosted last year from $9 a gal. to $10.50. At retail the price is still higher because venders add their normal markup (average 22%) to the tax itself* While the Big Four distillers (Schenley, National, Seagram's and Hiram Walker) insist that they will maintain prices, smaller distillers have already begun to cut prices of straight whiskies. Sample: United Distillers has slashed its J. W. Dant bottled-in-bond sour-mash...
Some record sellers predicted that the price cutting will wash the small retailer down the drain, since he is unable to get the volume to compete with Goody's phenomenally low (8%) markup. The manufacturers themselves, drawing lessons from Goody's demonstration of what big volume and low markups can do, may trim their own prices...
...blame their country's inflation on profiteering dealers (who have a noteworthy, but not a primary, role in forcing prices up). To prove that it is resolutely battling inflation, the government periodically announces dire anti-profiteering measures. In December, it said that people's courts, where high-markup shopkeepers could be tried by juries of irate housewives, would be set up; the courts have yet to start operation. Last week, after price riots in Belo Horizonte (TIME, Feb. 18), Price Boss Benjamin Scares Cabello announced the newest plan: a chain of 24 government-run stores in all state...
...silhouettes," will have small wheel bases (108 in.) and six-cylinder, go-h.p., high-compression engines which are expected to run up to 35 miles on a gallon of gas. OPS wholesale prices: $1,310, $1,415 and $1.468. If Willys tacks on the standard dealers' markup, Aero retail price will start at about...
...Roman was a peddler for Flurey's high-priced nickel-and in many cases had actually pushed the price up some himself. There was evidence that Flurey would tell its regular customers that it had no nickel, said Gould, then sell what it had to Roman at a markup. Roman would then go to Flurey's desperate customers, resell the nickel at another markup, and kick back some of the profit to Flug and Corey. Called as a witness, Roman himself clammed up on constitutional grounds. Flug and Corey were nowhere to be found...