items with the biggest mark up.

glass_onion

According to this list the following items have big mark up-

of course it is debatable with cost of living/location etc.

http://finance.yahoo.com/news/20-products-giant-markups-115730856.html

Flowers
Greeting cards
Designer jeans
Handbags
Text messages
Designer glasses frames

i could add razor blades to that.


Yahoo also did another article in cost of making iphone 5-
http://news.yahoo.com/blogs/technology-blog/much-does-cost-apple-build-iphone-5-162613708.html

final price tag to build an iPhone 5 turns out to be $167.50 — making it Apple's most expensive phone ever. Some of the most impressive components of the iPhone 5 actually don't wind up being very expensive on their own. UBM TechInsights estimates that the new, thinner 4-inch touch display costs Apple $18 with the touch screen glass costing another $7.50. The camera runs about $10, the wifi/bluetooth/GPS costs $4, and the battery only runs $3. The most expensive part of the phone is the new A6 processor, at $28 each.

Anyone else with any stories? or some from the celtic tiger era?.

jamo2oo9

Beer.

wazky

Water.

Falls from the sky yet you are charged 2-4 euro for a bottle.

Jimoslimos

Soft drinks in pubs, especially splash mixers.

glass_onion wrote: »

i could add razor blades to that.

Get a safety razor with double edge blades

ruthloss

Ask an Irish Farmer that question., actually, don't even go there!!

donvito99

Art.

The Dom

Has to be Cinema Popcorn.

€5.50 for a bag of popped corn that would surely cost around 8c.

Kenjataimu

printer ink

Red Kev

Tea and coffee from machines in places like petrol stations. Especially tea. Water comes out of a boiler which has very basic technology, boilers are cheap relatively speaking and need very little maintenance, tea bag is 2c in a wholesalers (if that), ciups are 3c in bulk buy from a wholesaler. 7c max. and it can be sold for €1.00-1.80 depending where you are.

wazky wrote: »

Water.

Falls from the sky yet you are charged 2-4 euro for a bottle.

Buy your own bottle and use tap water.

Banjo String

Sky TV subscriptions.

You've only to half arsedly threaten to leave when you get offered half price etc to stay.

I'm pretty sure the half price subscription costs are the real price, and sky look at the people paying the full whack as idiots, rather than customers.

Cee-Jay-Cee

Eye Drops. There is roughly an 900% mark up on the production price. The exact same product which is made in Castlebar costs €5 in Spain but €45 here. It defies logic on all plains. I know there are probably different taxes applied here but that doesn't justify the final cost to the customer.

The Diabolical Monocle

Quote:
final price tag to build an iPhone 5 turns out to be $167.50 — making it Apple's most expensive phone ever. Some of the most impressive components of the iPhone 5 actually don't wind up being very expensive on their own. UBM TechInsights estimates that the new, thinner 4-inch touch display costs Apple $18 with the touch screen glass costing another $7.50. The camera runs about $10, the wifi/bluetooth/GPS costs $4, and the battery only runs $3. The most expensive part of the phone is the new A6 processor, at $28 each.


Yeah but then theres distribution, marketing and advertising at the very least.

Even if they were sent by post you'd still need a massive organization.

Id include being actually able to obtain one as a fundamental part of the product. Their killing isnt as high as suggested.

Timmyctc

Sweets have a pretty high mark-up. Especially in places like Cinemas. Their pick and mix is around 2.50-3 per 100g when 3kg of sweets can cost as little as 6 euro sometimes lower.

Mr E

Cinema food - popcorn, drinks from syrup concentrate (coke, 7up etc.)

Oh, and Apple products.

PizzamanIRL

wazky wrote: »

Water.

Falls from the sky yet you are charged 2-4 euro for a bottle.

It doesn't magically appear in your tap or a bottle though.

mikom

Whiteboards.

glass_onion

The Dom wrote: »

Has to be Cinema Popcorn.

700%!

http://www.irishexaminer.com/ireland/price-of-popcorn-marked-up-by-700-229174.html

Although portion sizes vary, the show quoted industry sources who said the standard 2oz small portion costs 50c to produce — amounting to a mark-up of around 700%.

Just to add,was mentioned before, reason the price-

The way the business works, particularly for multiplex cinemas where you’re dealing with newly released Hollywood movies, is that the lion’s share of the revenue will go to the movie distribution

donegal__road

donvito99 wrote: »

Art.

this Francis Bacon painting sold just last week for $142 million

http://blogs.marketwatch.com/themargin/2013/11/13/freud-portrait-by-bacon-sells-for-142-million-smashing-record/

Steve Perchance

glass_onion wrote: »

700%!

http://www.irishexaminer.com/ireland/price-of-popcorn-marked-up-by-700-229174.html



Just to add.was mentioned before reason the price-

I'd say that's even a low estimate. Back in 2002 I worked in a cinema - it was €12 for a 20kg bag of popcorn seed, and not much more for a giant container of oil. I'd say they've included every conceivable item to 'cost of production' to get it down to 700%

That said, cinemas make feck all from actually showing movies - 95%+ of ticket revenue goes back to hollywood

NuckingFacker

Nuts and bolts and washers in Big-box hardware stores - they are sold in little packs at massive mark-ups. Same goes for rope, wire and lengths of timber and steel/aluminium. We buy all those wholesale in bulk - for about 5% of what they are sold for in the DIY stores.

poisonated

I'd say pizza that you buy in restaurants have a high mark up.

Drakares

New cars. Buying a car that's worth two thirds of what you paid for it the second it's driven out of the dealers yard.

Son Of A Vidic

glass_onion wrote: »

items with the biggest mark up.

Ireland is one super inflationary mark up.

Howard Juneau

Proco Jr. wrote: »

printer ink

Now you have it, approx $550 per gallon....and people think oil is dear?!
The sheikhs have nothing on Hewlett-Packard

Muahahaha

Cocaine. I bought it at source back in 2005 for 70c a gram in Medillin, Colombia. We even did a line off the top of Pablo Escobars gravestone, good times:)

By the time coke hits the streets of Dublin it costs €50 a gram. That's a 7,100% mark up from what it costs on the streets in Columbia. And it's ten times more pure there than the sh1te you get in Dublin, which is why I never bother with it here any more. As Eamon Dunphy once famously said "You can't get good cocaine in Dublin". And he would know !

DEFTLEFTHAND

CD's about ten years ago. An album could go for 20 quid, the artists and record company averaged 8 euro for each unit sold (Irish Times article August 2004) HMV and co have only themselves to blame for the drastic decline of the physical copy.

Is it any wonder CD's are dirt cheap today.

Inbox

Microsim adapter in maplins €6.99!!

Gummy Panda

Inbox wrote: »

Microsim adapter in maplins €6.99!!

They sell cans of compressed air for 25 euro. Insane

Meangadh

Make Up surely has to have a huge mark up, I mean nearly €40 for foundation? Mascara for €30? I'd add perfume to that too, €80-€90 for certain bottles. Crazy.

bohsboy

Muahahaha wrote: »

By the time coke hits the streets of Dublin it costs €50 a gram. That's a 7,100% mark up from what it costs on the streets in Columbia. And it's ten times more pure there than the sh1te you get in Dublin, which is why I never bother with it here any more.

Good enough for them. My heart bleeds.

oppenheimer1

The products with the highest mark-up per gram would be patented pharmaceuticals. Advanced medicines run into the tens of thousands per gram.

Icecream. A cinema might buy a huge tub that you see in those stands for about €30+. An individual scoop could cost the customer.. around €4. You'd get maybe 60-100 scoops, so, yeah, you do the Math.

handlemaster

Shoes

Fast food such as chips and burgers. Then there s the soft drinks in take aways

Duggy747

Proco Jr. wrote: »

printer ink

Howard Juneau wrote: »

Now you have it, approx $550 per gallon....and people think oil is dear?!
The sheikhs have nothing on Hewlett-Packard

Interesting short documentary.

Filibuster

Proco Jr. wrote: »

printer ink

Buy a bottle of ink off eBay. Drill a small hole into the top of the cartridge and fill it up yourself.


Biggest markup has got to be paracetamol. You can buy it in the UK for 6p but can cost here upwards of 4euro

Howard Juneau

Filibuster wrote: »

Buy a bottle of ink off eBay. Drill a small hole into the top of the cartridge and fill it up yourself.


Biggest markup has got to be paracetamol. You can buy it in the UK for 6p but can cost here upwards of 4euro

And watch said ink destroy your printer, purge units get soaked, ink quality is rubbish, leakages etc.

Sugar Free

Filibuster wrote: »

Biggest markup has got to be paracetamol. You can buy it in the UK for 6p but can cost here upwards of 4euro

That sounds more like comparing generic paracetamol in the UK to a branded paracetamol (e.g. Panadol) in Ireland.

While it's still more expensive in Ireland, generic paracetamol can be purchased for 1.30 - 1.50 in a lot of places.

You can't just look at it as simply as people are. Electronic devices, pharma products etc have huge R&D costs, legal costs, patent costs etc etc that all have to be recouped when selling the products.

MadsL

Deleted User wrote: »

Icecream. A cinema might buy a huge tub that you see in those stands for about €30+. An individual scoop could cost the customer.. around €4. You'd get maybe 60-100 scoops, so, yeah, you do the Math.

The Mr Whippy machines produce soft serve at a cost of about 10c-50c a portion.

2nd Row Donkey

MadsL wrote: »

The Mr Whippy machines produce soft serve at a cost of about 10c-50c a portion.

Those machines cost about 15,000, often much more. (Or at least they did back in the boom days).

That's a whole lot's €1.50 cones ya gotta sell to make your money back.

ardinn

jamo2oo9 wrote: »

Beer.

False

MJ23

donvito99 wrote: »

Art.

Some rollie smoking smelly fairy paying millions for some scribble on a page done by some French fella 200 years ago.

clairefontaine

Petrol.

Stinicker

clairefontaine wrote: »

Petrol.

I understand the shops make 5c a litre and it is the Government that has the markup not the retailer.

Timmyctc

2nd Row Donkey wrote: »

Those machines cost about 15,000, often much more. (Or at least they did back in the boom days).

That's a whole lot's €1.50 cones ya gotta sell to make your money back.

2-3 hundred a month it cost us to rent one

clairefontaine

Stinicker wrote: »

I understand the shops make 5c a litre and it is the Government that has the markup not the retailer.

That's right. The markup is taxes. I think the government takes 75% of what you pay at the pump.

drdeadlift

clairefontaine wrote: »

That's right. The markup is taxes. I think the government takes 75% of what you pay at the pump.

How much does the government make on petrol in one year?

ALiasEX

Sex

Big Davey

NuckingFacker wrote: »

Nuts and bolts and washers in Big-box hardware stores - they are sold in little packs at massive mark-ups. Same goes for rope, wire and lengths of timber and steel/aluminium. We buy all those wholesale in bulk - for about 5% of what they are sold for in the DIY stores.

Can you recommend a wholesaler then.................... My local hardware is a rip off.

Geuze

Stinicker wrote: »

I understand the shops make 5c a litre and it is the Government that has the markup not the retailer.

Diesel duty is 47.9 cent per litre.

http://www.revenue.ie/en/tax/excise/duties/excise-duty-rates.html

So on a 1.50 price:

23% VAT is 28c
duty is 48 cent

total is 76 cent approx, under 50% of the retail price.

Geuze

drdeadlift wrote: »

How much does the government make on petrol in one year?

http://www.revenue.ie/en/about/publications/statistical/archive/2011/excise.pdf

See page 3.


2011 petrol duty seems to be 992m.