AdamZ
Touchdown! Greaser!
- Joined
- Feb 24, 2005
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- 14,869
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- Montgomery County PA
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Adam Zucker
What do you pay for a Quart of Oil at your airport?
What do you pay for a Quart of Oil at your airport?
I can pick up oil from a local distributor for about $4.50/qt, for Phillips 15w50
Funny you should ask that question!
$7.08/qt - Aeroshell 15/50, delivered.
Gary
It would be interesting to know how much the FBO pays
Buy oil at the airport? Whuy the heck do that when you can get cases much cheaper when there are big airshows and the dealers have them on special?What do you pay for a Quart of Oil at your airport?
Buy oil at the airport? Whuy the heck do that when you can get cases much cheaper when there are big airshows and the dealers have them on special?
I buy my Exxon Elite fromm these guys: http://www.eliteetc.com/exavoilel20.html
They usually run show specials, waive shipping, $50 gift card, 10% etc. I get a couple of cases then and that lasts for a year.
Dividing by .6 is not a 40% markup but a 40% margin. Take $1.00 and divide by .6 and you get $1.66666 or a 67% markup. Sounds high to me.
Are you sure, I thought we calculated it to be about $6.65 yesterday
Divide 60 cents by .6 and you get $1.00. 40% of the retail price is mark-up. That was standard when I moonlighted at Sears many years ago. For items that were more of a luxury, 50% of the retail price was mark-up. I am talking about the portion of the retail price that is added by the retailer, what ever you want to call it.
It would be interesting to know how much the FBO pays
My room mate in college worked at a shoe store. He used to tell me that they bought shoes for $20 and sold them for $40...a 50% mark-up.
To which I'd always reply...WTF? Really? That's 100% mark-up in my math major mind. That's 50% profit not 50% mark-up.
I never did understand the reverse logic but I've since learned that it seems to be the standard way of looking at it in retail sales.