- Messages
- 5,691
- Reactions
- 6,584
My Dad told me the manufacturer creates the product then doubles their money on it--they sell to the distributor who then doubles his money--He sells it to the retailer, who then doubles his money.Most people do not understand that 3-5% profit is typical. My dad always told me that 10% profit was amazing.
I would rather put that 3% CC fee back in the mom & pop shop owners with cash. Hopefully they no sale that bill and pocket the cash too.
I know grocery stores are more than doubling what they pay for on their product, so who knows?