A Boring Dystopia

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This was in upliftingnews but imo, they've been overcharging for years and now they're framing this as a feel good story (slrpnk.net)

submitted 4 days ago by ByteOnBikes@slrpnk.net to c/aboringdystopia@lemmy.world

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[–] 9point6@lemmy.world 6 points 4 days ago* (last edited 4 days ago) (2 children)

Damn, imagine if you went to every game

If I was a fan I'd be sat wondering why they'd been happily talking a 75+% profit margin from me after I'd already bought a ticket to be there.

If they could just not, when they feel like it

[–] tiramichu@lemm.ee 3 points 4 days ago (1 children)

How much does a bulk purchase cheap-ass hotdog cost. Nothing. It's cents.

I'm sure they are still making 75% markup, even on the new 2 dollar.price. before, it was several hundred percent markup.

[–] osaerisxero@kbin.melroy.org 5 points 4 days ago

Yes and no. Costco hot dogs are 100% vertically integrated and they get the soda basically for free from Pepsi and they still barely break even on them, if they even do anymore. You add in a farm, packer, and a distributor taking their percent and even a lower quality dog is going to be pretty lean on profit at 2USD in 2024

[–] Apepollo11@lemmy.world 2 points 4 days ago (1 children)

First up, I want to say that your point is clear, even without this correction, but...

That's not how percentages work. To make things neat, let's assume they're now selling things at cost (they're not, they'll still be making a profit).

A 75% reduction in price like this means that they were previously making 300% profit.

[–] cloudwolf@lemmy.world 4 points 4 days ago (1 children)

He is talking about margin, not markup. 75% margin = 300% markup

[–] Apepollo11@lemmy.world 3 points 4 days ago* (last edited 4 days ago)

facepalm

Yep, you're completely right. I'll wind my neck back in now...