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reply to post by tothetenthpower
Very interesting, thanks for sharing. I'm always interested in actual cost versus retail. The way they jack prices up makes me sick. Granted, and you mentioned, one can argue staffing/transpo/etc that help drive up prices, but I'm reminded of a few things:
1) I remember reading several years ago about drug costs. A single pill that take .01 cents to make is sold for several dollars or more a pill. Hundreds and sometimes a thousand more percentage mark up.
2) Looks at things such as clothes: I remember seeing a jacket once that was retailed at, for example, $100. The next week it was "on sale" for $60. About a month later it was "retailed at $40-50, with like 40% off. True, they are wanting to get rid of it, but the initial cost versus what they actually accept for it, and that it probably costs less than $10 to make, is outrageous.
And this is true for practically everything we buy and/or consume, including healthcare. The mark up and profit margins are insane.
Back to the OP. I am not surprised it takes .06 cents to make chicken nuggets, lol. I am surprised that the "burger" or whatever takes as much as .77 cents.
edit on 4-1-2014 by Liquesence because: (no reason given)
Silicis n Volvo
reply to post by interupt42
I agree with healthy competition.
But adding 1000's of % onto markup is not right. It's greedy.