Originally Posted by
Andrew R Stewart
So I put this out here. How much profit is acceptable to agree to? As buyers we make this judgement all the time. . .
Buyers rarely know how much a business earns in profit, how much profit is in any product's price, how much it
should be, whether there is any profit or not, or even what profit is.
Here's a test:
1. How much gross profit does the average retailer make on a gallon of gasoline?
2. How much profit does the producer make on a gallon of gasoline?
3. How much is the combined local, state, & federal tax on a gallon of gasoline?