Overall they are on thin margins, which does not mean they aren’t marking up some specific items many times their initial cost. In fact, if they didn’t mark some stuff up that much they would go out of business.
But an average of thin margins overall because the building, tables, A/C, and other overhead is more than the good doesn’t mean they don’t have a high markup if you look at literal cost to retail pricing.
When you have an average, some things are marked up more and some things are marked up less. Some things that restaurants sell are barely marked up at all, and others are marked up a lot more. Hell, somethings cost them and they provide them at 0% of the cost like sauce packets!
By your five year old child logic they must get those packets for free because surely everything has a 200-250% markup!
Overall they are on thin margins, which does not mean they aren’t marking up some specific items many times their initial cost. In fact, if they didn’t mark some stuff up that much they would go out of business.
But an average of thin margins overall because the building, tables, A/C, and other overhead is more than the good doesn’t mean they don’t have a high markup if you look at literal cost to retail pricing.
deleted by creator
ON AVERAGE.
deleted by creator
When you have an average, some things are marked up more and some things are marked up less. Some things that restaurants sell are barely marked up at all, and others are marked up a lot more. Hell, somethings cost them and they provide them at 0% of the cost like sauce packets!
By your five year old child logic they must get those packets for free because surely everything has a 200-250% markup!
deleted by creator