Word: markup
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...Office of Price Stabilization's order controlling hardware store prices. OPS wants every hardware store in the U.S. to supply a list of its housewares (e.g., pots & pans, cutlery, etc.) by May 30, complete with a classification of each item, where bought, net cost, sales price, percentage markup, etc. DeVore figured that he would have to put in three hours a day after work for three months to fill out all the OPS blanks. Said he: "The hell with...
...order is a slicked-up version of the OPA regulations of World War II. To set a selling price for a can of peas, for example, the grocer looks at his wholesale cost, increases it by a fixed percentage taken from an official OPS markup list. The list covers 60% of the products in the nation's $32 billion annual food bill, including butter, baby foods, breakfast cereal, cocoa, coffee etc. Exempt: milk, cream, fresh meat, bread, liquor and 58 other commodities, all of which are still regulated by the Jan. 26 order, as well as fresh fruit & vegetables...
...exchange, according to Anthony G. Oettinger '51, chairman of the Senior Advisory Committee of P.B.H., is "designed to eliminate losses in book-selling profits due to service charges, or hikes in the prices of used books due to the markup of various middlemen...
...Markup. So many ailing people in & around Chicago flocked to buy that in 1944 the Vrilium Products Co. was formed to manufacture and sell more Magic Spikes. Former Mayor Ed Kelly wore one to the 1948 Democratic National Convention, and credited the healing of a bone abscess to its power. Other wearers included Municipal Court Bailiff Al Horan and Illinois State Senator William J. Connors. Exact sales figures on the Magic Spike are unknown. Osteopath Raymond Kistler of Wyandotte, Mich, admitted that he bought 150 at around $150 apiece, resold them...
...cheques, American Express is best known for its globe-circling guided tours, which provide transportation, hotel rooms and food (but no liquor) at fixed rates. The company makes its profit not by charging travelers a fee but by getting "wholesale" rates on hotels, etc., and taking a "retail" markup. This year thousands of Americans will take 167 different tours, ranging in price from $10.95 for a two-day trip through New York City to $2,338 for a 68-day jaunt through ten European countries. The most popular: two-week "Banner Tours" through the West...