"Also he said everything wont go lower then 25% as it will be below cost (cough cough 40% markup)"
.
One has to remember that 40% mark up is almost the same as 25% discount!
$1.00+40% =$1.40p $1.40p -25% =$ 1.05p!!

I hate to get off topic again but this needs correction as well. Markup cannot be figured out by simple multiplication.

MARKUP
$1.00/(1-40%) = $1.67

DISCOUNT
$1.67 x 0.75 (25% discount) = $1.25

Steve

Hope you guys soon get another store in the area .

I would think that markup means the amount marked up from cost. So a 40% markup from $1 is $1.40. Whereas 40% is the gross margin for an item that was marked up by 67% from $1 to $1.67 (.67/1.67).

See:

http://www.cbsc.org/servlet/ContentS...GuideFactSheet (See bottom of page)

http://www.dinkytown.net/java/ProfitMargin.html

http://www.csgnetwork.com/marginmarkuptable.html

What Sam says :) :)

Cost a dollar ,retail a dollar forty, knock of thirty five cents you've made five cents ??

Went by tonight.. kinda to say goodbye to the store I guess. Picked up some food at 25% off :) Got me the copy of The Reef Aquarium #1 ... good deals on books - 50% off.

I was told that if they were still open today, then they would stay open for 30 more days. Otherwise yesterday would have been the last day. Can anyone from Big Al's comment.

50% off books? so now thier the same price as amazon.com ?

Ha! True.. but atleast this way I didn't have to pay shipping and wait for it :p

i went there tonight as well, too late for tanks, only kits left. they are even selling the display cases. and damn someone bought the Seio that was there.:(