Originally Posted by cs1

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