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Old 10-04-06 | 02:40 AM
  #57  
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cs1
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From: Clev Oh

Bikes: Specialized, Schwinn

Originally Posted by roadwarrior
100% margin on accessories.
Those who have never been in business don't understand the difference between markup and profit. 100% markup isn't the net profit. From that figure deduct all expenses like" rent, insurance, utilities and payroll. You know those nagging little expenses that eat up about 70% of the markup. Then you pay your Uncle Sam tax on the gross profit which yeilds net profit. There aint much left on a sale after all that.

Tim
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