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<p>[QUOTE="-jeffB, post: 2031275, member: 27832"]Yes, but as [USER=42789]@drathbun[/USER] pointed out, they don't need to increase their <i>percentage</i> to do that.</p><p><br /></p><p>If the wholesale price of a widget doubles from $10 to $20, and a reseller has a 100% markup, their profit also doubles from $10 to $20. If they say "everything's getting more expensive, so we need to raise our markup to 120%", they're trying to put something over on you -- unless their expenses are rising <i>more</i> quickly than the rate of inflation, which would seem to indicate that they aren't controlling their expenses properly. Or maybe that they're needing to cover health care, or put a kid through college. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Me, I've found a cure for "wishing prices were where they used to be" -- pick hobbies that rely heavily on electronics. For the price of my first computer, I can now buy one with exactly one million times as much RAM, and at least ten thousand times the speed. Even if you're not a computer geek, find some old catalogs or ads from the 1970s and look for a 40-inch TV... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2031275, member: 27832"]Yes, but as [USER=42789]@drathbun[/USER] pointed out, they don't need to increase their [I]percentage[/I] to do that. If the wholesale price of a widget doubles from $10 to $20, and a reseller has a 100% markup, their profit also doubles from $10 to $20. If they say "everything's getting more expensive, so we need to raise our markup to 120%", they're trying to put something over on you -- unless their expenses are rising [I]more[/I] quickly than the rate of inflation, which would seem to indicate that they aren't controlling their expenses properly. Or maybe that they're needing to cover health care, or put a kid through college. :rolleyes: Me, I've found a cure for "wishing prices were where they used to be" -- pick hobbies that rely heavily on electronics. For the price of my first computer, I can now buy one with exactly one million times as much RAM, and at least ten thousand times the speed. Even if you're not a computer geek, find some old catalogs or ads from the 1970s and look for a 40-inch TV... :)[/QUOTE]
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