how do jewellery shops make profits?

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2007-03-18 08:52:25 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing

The profit margin for jewelry is outrageous.

2007-03-18 08:55:51 · answer #1 · answered by surffsav 5 · 1⤊ 0⤋

They price the jewlery higher than what they pay for it.

2007-03-18 16:00:02 · answer #2 · answered by rustybones 6 · 0⤊ 0⤋

they buy at retail and sell at inflated prices

2007-03-18 15:54:22 · answer #3 · answered by dantee07 2 · 0⤊ 0⤋

they sell at an enormous mark up.

2007-03-18 15:55:17 · answer #4 · answered by hodgetts21 5 · 0⤊ 0⤋

like any bussines you buy for less and sell for more

2007-03-22 09:54:34 · answer #5 · answered by jewelsofisrael 1 · 0⤊ 0⤋