Do some arithmetic. $500 a second isn't that much if you have thousands and thousands of stores with lines at the cash registers. Have you ever seen a time when there was NOT a line at the checkouts? I sure haven't.
Then there is that economy of scale. For sure, mom&pop will pay more for a given item. But, to the tune of a thousand percent markup at the Wal-Mart? Sorry, I just can't swallow that. It just doesn't work for me.
Just as an example, there is a product that I use every day. I buy it at Wal-Mart because it costs about 10% less there. CVS and Rite-Aid have that same product for a bit more money. Both CVS and Rite-Aid could muster near the same buying power as WM. If markups were in the 1000% range, that would mean that the product would be costing Wal-Mart about $.005 each. That would not even pay for the packaging, let alone the product REGARDLESS OF VOLUME! No manufacturer could stay in business for long selling that cheaply!
I think you would be hard pressed to find any items with the kind of markups that you say. Typical retail is usually around 100% desired with "loss leaders" a bit closer to being sold at or near cost.
Now, with all due respect, I do enjoy some of the finer things in life - like sleeping indoors and even occasionally eating a meal. But the day I have to overcharge a customer to stay open would be the day I would find another line of work.
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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