2007-05-08 22:33:40 · 6 answers · asked by Jafis 1 in Business & Finance ➔ Small Business
Markup is based on profit AND expenses. One pharmacy may have lower operating costs therefore they won't have the same markup as a retailer with higher operating costs. Plus, the margin varies according to the product. I have seen retail products with a markup as low as 3%, as high as 60%, but also -10% where the company loses money everytime they sell an item. (the competitve nature of retail forced them to bottom out the price)
Do some competitve pricing research - check out what the suggested retail price is on your item and look at what you competitors are selling the item for. Base your final price on that not on a %.
2007-05-09 04:05:20 · answer #1 · answered by DeeDee 3 · 0⤊ 0⤋
Normal Retail Markup
2016-12-16 07:45:25 · answer #2 · answered by hume 4 · 0⤊ 0⤋
there is normal markup. Don't believe me? Call five Pharmacies tomorrow and ask for the price of 30 Plavix. You will get five different prices. They all paid the same price to get the drug.
If you call mine........we'll be right in the middle
2007-05-09 18:39:50 · answer #3 · answered by jloertscher 5 · 0⤊ 0⤋
Jo's uncle Fred takes one pill a day. Price at most pharmacies in area was $3,75 to as high as $4.20 each.
Wal Mart was best at $2.98 ea . Uncle Fred ordered from a pharmacy in Canada for $0.89 each and the pharmacy told him they cost them 39 cents each. (all in U.S. $) Add shipping of $5.95 or if he gets 3 month supply at once it's free shipping. Exact same medicine made by exact same company, not a generic.
2007-05-09 01:44:37 · answer #4 · answered by Jo Blo 6 · 0⤊ 0⤋
Depends, it's not much, though. Most of the mark-up occurs with the manufacturer. Average profit is less than 5% per prescription.
2007-05-09 09:52:56 · answer #5 · answered by Lea 7 · 0⤊ 0⤋
Too high
2007-05-09 00:09:52 · answer #6 · answered by m p 1 · 0⤊ 0⤋