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I am referencing real dollar values, not margins. These terms can be twisted to fit any narrative, especially with our population's financial ignorance. The issue is that the increase in electricity rate does not justify the increase in the product.adnj wrote:wing wrote:The RIC is saying that after examining the financial reports of manufacturers, the cost of electricity amounts to no more than 3.5 % of costs. After the proposed increase is applied, the cost rises to 4.0 % of overhead. So a potential drop of 0.5% in profits, apparently causes many businesses to teeter on the brink of bankruptcy. The only remedy is to pass the increase to the consumer... tenfold.pugboy wrote:you have a good point
nobody complains about the price of starbux
Tuner beat up over red and yellow, while the elites knocking glass.
The average business profit margin is about 7%.
An increase in costs of 0.5% yields a 6.5% profit margin.
Analysts see that as a 7% profit reduction.
Grocery stores have a profit margin of 1% to 3%.
edit: also consider that overhead costs vary widely and are only a fraction of input total cost - that fraction directly affects the cost considered.
wing wrote:I am referencing real dollar values, not margins. These terms can be twisted to fit any narrative, especially with our population's financial ignorance. The issue is that the increase in electricity rate does not justify the increase in the product.adnj wrote:wing wrote:The RIC is saying that after examining the financial reports of manufacturers, the cost of electricity amounts to no more than 3.5 % of costs. After the proposed increase is applied, the cost rises to 4.0 % of overhead. So a potential drop of 0.5% in profits, apparently causes many businesses to teeter on the brink of bankruptcy. The only remedy is to pass the increase to the consumer... tenfold.pugboy wrote:you have a good point
nobody complains about the price of starbux
Tuner beat up over red and yellow, while the elites knocking glass.
The average business profit margin is about 7%.
An increase in costs of 0.5% yields a 6.5% profit margin.
Analysts see that as a 7% profit reduction.
Grocery stores have a profit margin of 1% to 3%.
edit: also consider that overhead costs vary widely and are only a fraction of input total cost - that fraction directly affects the cost considered.
wing wrote:After the proposed increase is applied, the cost rises to 4.0 % of overhead. So a potential drop of 0.5% in profits, apparently causes many businesses to teeter on the brink of bankruptcy.
It's fine, I have always tried to be judicious with my spending. My point is the business people are openly price gouging while the majority studying red and yellow. No amount of definitions, semantics or obfuscation will change that.adnj wrote:wing wrote:I am referencing real dollar values, not margins. These terms can be twisted to fit any narrative, especially with our population's financial ignorance. The issue is that the increase in electricity rate does not justify the increase in the product.adnj wrote:wing wrote:The RIC is saying that after examining the financial reports of manufacturers, the cost of electricity amounts to no more than 3.5 % of costs. After the proposed increase is applied, the cost rises to 4.0 % of overhead. So a potential drop of 0.5% in profits, apparently causes many businesses to teeter on the brink of bankruptcy. The only remedy is to pass the increase to the consumer... tenfold.pugboy wrote:you have a good point
nobody complains about the price of starbux
Tuner beat up over red and yellow, while the elites knocking glass.
The average business profit margin is about 7%.
An increase in costs of 0.5% yields a 6.5% profit margin.
Analysts see that as a 7% profit reduction.
Grocery stores have a profit margin of 1% to 3%.
edit: also consider that overhead costs vary widely and are only a fraction of input total cost - that fraction directly affects the cost considered.
What posted was:wing wrote:After the proposed increase is applied, the cost rises to 4.0 % of overhead. So a potential drop of 0.5% in profits, apparently causes many businesses to teeter on the brink of bankruptcy.
You may not have meant to refer to margins but you backed into it the moment you mentioned profits; which is a margin.
On the other hand, if the prices are too high, protest with a sign, boycott, don't buy it, or move. Then you get to protest other prices and other costs from other vendors.
wing wrote:It's fine, I have always tried to be judicious with my spending. My point is the business people are openly price gouging while the majority studying red and yellow. No amount of definitions, semantics or obfuscation will change that.
bluefete wrote:Pumpkin was $1.00 / lb in Tunapuna market today. Watermelon -$3 / lb.
I got a big bag of pimentoes for $5. and 2 decent sized bags of hot peppers for $10 / each.
Unfortunately, Kerrygold butter in Massy is now $67. / lb (454 grams). Time to suck salt, oui.
pugboy wrote:kerrygold still $52 in pricesmartbluefete wrote:Pumpkin was $1.00 / lb in Tunapuna market today. Watermelon -$3 / lb.
I got a big bag of pimentoes for $5. and 2 decent sized bags of hot peppers for $10 / each.
Unfortunately, Kerrygold butter in Massy is now $67. / lb (454 grams). Time to suck salt, oui.
pugboy wrote:kerrygold still $52 in pricesmartbluefete wrote:Pumpkin was $1.00 / lb in Tunapuna market today. Watermelon -$3 / lb.
I got a big bag of pimentoes for $5. and 2 decent sized bags of hot peppers for $10 / each.
Unfortunately, Kerrygold butter in Massy is now $67. / lb (454 grams). Time to suck salt, oui.
pugboy wrote:I have a stockpile of butter, bought the president when truvalu had one sale xmas time
doubt we will see price drop in butter anytime soon, maybe next divali
boxed milk is now on avg $18/liter
Men tell me I wasting money when I used to buy cottonelle for that reason.dogg wrote:Yuh have to be carefull with toilet paper and paper towel sales eh.
You gotta look at the amount of sheets you getting.
Ah man tell me he stop buying toilet paper in Pricesmart cuz the same brand cheaper on them road stalls. I had to explain that he need to check the sheet count and calculate from there. Guy didn't even know toilet paper had varying sheet counts per roll.
pugboy wrote:massy have sale on haagen daz
toilet paper and some other stuff until tomorrow
pugboy wrote:down from $15
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