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Careful consideration has to be taken to the "Use By" and "Best Before" dates of the products, in relation to the "Mark Up" or "Return" of the products. That is to say the shorter period of time should have a lower Mark-up/Return margin, thus increasing the Turnover/sales of the product, and decreasing the Wastage/loss of products.
The total cost of purchased items is then rounded up or down to, for example, the nearest 0.05. This may have an effect on future just-below pricing, especially at small retail outlets where single-item purchases are more common, encouraging vendors to price with .98 and .99 endings, which are rounded up when .05 is the smallest denomination ...
This year, October Prime Big Deal Days 2024 will drop October 8 - 9, for Amazon Prime members, with plenty of lead-up deals and wind-down sales, making the typically two-day event stretch even longer.
Ultimately, the $54 markup price is the shop's margin of profit. Cost-plus pricing is common and there are many examples where the margin is transparent to buyers. [4] Costco reportedly created rules to limit product markups to 15% with an average markup of 11% across all products sold. [5]
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