Original > Hot Tub Forum
Prices paid for Sundance Optima
needaspa:
Lori,
That's not 30% markup - its 43%. Your company's been doing this for 30 years!!! Wow, where did you get your employees - a second rate college? Are you using fuzzy math?
If tape is $1.50 and you sell to your customers at $2.14, thats 43%.
( (2.14 - 1.5) / 1.5 ) * 100
Come on now, this is elementary!
Divide by .7 to get 30%? Hello! This is illogical!
IOWASPAMAN:
Needaspa,
Just one question, what do you do for a living?
Many of us on this board try to help the shopper find the right spa for them. Rarely have I seen them bash the competition( Rev. Jim excluded), but I have seen them get frustrated with someone who thinks they know more comes to this webboard and tries to tell them how they have been doing business for decades is wrong.
I know Chas, (it's me Moe) and I have the utmost respect for they way the man conducts himself, in person and on various webboards. When someone like Chas speaks on these boards many listen, except for you.
Get your business 101 book out, and learn about margins. Unfortunately this book will not help you with customer service and people skills.
needaspa:
Like I said, only 2% of the US is college educated. 'When someone speaks on these boards many listen' Its sad that 'many who listen' are part of the other 98%. It may not be their fault they do not have a college education but it is saddening to see that they listen and follow the ignorant few on this board.
Starlight:
OK, I can't help it anymore--I must respond. I've been lurking on several boards for some time doing research for my next spa purchase. For the most part, I've observed people offering advice, experiences, and support to those who ask questions. Except for TheOneWhoWillNotBeNamed, posters seems to be friendly, helpful and behave in a manner to build a positive online community. Then needaspa comes along. I can understand his point of view, in a general way--things always cost more than one would like, and impulse buyers can often pay more than the average or reasonable price for an item. But insisting on getting a price below the average, or even lowest cost of an item in your region is well, let's say unrealistic. To dictate what the seller should be allowed to make as profit is ludicrous. To go further, and suggest that customers line up lawyers to "force" dealers who had nothing to do with the sale of your item but who just happen to represent the same brand you bought--wow, I bet you win friends often when you buy durable goods.
Needaspa's tone has become more strident and disruptive lately since engaging in several flame wars. His recent posts have included statements passed off as fact without any supporting basis, and that is something that really annoys me.
For example:
If tape is $1.50 and you sell to your customers at $2.14, thats 43%.
( (2.14 - 1.5) / 1.5 ) * 100
Come on now, this is elementary!
Divide by .7 to get 30%? Hello! This is illogical!
There are apparently multiple ways to calculate markup, but a common one in the retail trade is just as Chas described. Selling a spa that cost $1000 for $2000 is a 50% markup. The formula is $ Retail = $ Cost / (100% - markup %), visit http://www.apparelsearch.com/retail_math.htm.
In a separate thread, you claim just 2% of the US population is college educated. Go visit www.census.gov/prod/2000pubs/p20-528.pdf and you will see that very thorough data show over 25% of the population over 25 years old has at least a bachelor's degree. Hello, this information is very easy to find and understand!! Plus, it's much more "logical" than arguing back and forth--go get real data if you want to beat some one over the head with information.
In the future, get your facts straight before publishing, and, if you wouldn't mind, provide a reference so the rest of us can verify a fact or know that it is just an opinion you are posting.
Mendocino101:
Thank you so much for that sound advice...I am guilty of engaging in the ridiculousness of trying to understand his logic.... and perpetuating his argument... as you said so many people here try help and sincerely want to help those looking for good, honest, factual advice....
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version