That's about right. Standard markup for any retail item is 100% (that is, buy it for $1, sell it for $2). Jewelry sometimes is a lot higher than that (e.g. buy it for $1, sell it for $5) and women's clothing is the worst (buy it for $1, sell it for $50). Groceries are the lowest; they're often only marking items up 10%, and Loss Leaders are just that: Items they're selling at a loss.
Maybe the general public doesn't know that. They should.
This. And tech/electronic items are sometimes sold as close to the bone as legally allowed, where the company can make up the difference selling buns and ketchup - game consoles are a good example - so consumers get a skewed view of what markup is, generally.
I'm only surprised by this kind of report, generally, because I assumed the physical components probably cost a lot less.
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Maybe the general public doesn't know that. They should.
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I'm only surprised by this kind of report, generally, because I assumed the physical components probably cost a lot less.
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