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Old 11-09-2010, 02:21 PM   #36
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Re: Minnesota Mom Hit With $1.5 Million Fine for Downloading 24 Songs
Quote:
Originally Posted by ask me anything View Post
In some items they are. I have first hand knowledge of this, since I am a truck driver who does deliveries to several of the grocery chains in my area. Most of the products I deliver are marked up about 120%-150% by the stores. That's insanely high. I've talked to several of the other deliver guys I run into, and they say the same things.
That is how business works.

Let's suppose the store pays $0.50 for an apple then mark it up 100% and sell this apple for $1.00, making a $0.50 "profit." Assuming most employees are making a (ridiculously low) wage of $5/hour, they have to sell 10 apples per hour to pay a single employee.

Now let's imagine they use a "more reasonable" mark up of 30%, and sell the apple for $0.65. Now making a $0.15 profit, they have to sell 34 apples to pay that same, single employee.

That's not even taking into account that some employees will make more than this, and all the utility/rental costs incurred by the building itself.
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