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Reply #9: People who can afford to purchase the product. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-12-08 05:07 PM
Response to Reply #4
9. People who can afford to purchase the product.
I mean do you really think workers who build yachts should be able to buy them?

I have to say that the products I sold, first beer and spirits, and then books, were affordable by my employees. Also, in the case of the first, they weren't allowed to drink where they worked, however, I could take a 150% markup on the product. In the latter I gave my employees, the wholesale price plus sales tax (law required it) as a perk, although I could only take a 15% to 20% markup on that product, so that was essentially their discount. I always felt though that employees, not stockholders, should be the beneficiary of profits on the quarterly returns. Of course in the case of loss, I don't know how one could work that out. The loss being that the overhead and taxes exceed the gross profit.
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