Tan Elaine
Key Member
- Joined
- Jun 29, 2008
- Member Type
- Student or Learner
- Native Language
- English
- Home Country
- Hong Kong
- Current Location
- Hong Kong
Even me who is uneducated about economics know about the art of jerking up the price of an item by a few times, then giving you a small part back. I’ll give you an example: the cost price of a handphone is $50. You sold it at $250, then you discount it by 50%, thus selling it at $125, but at the end of the day, you still make $75! Just that you make lesser, but you are selling it at 250% of the cost price!”
Are the parts in bold correct? If not, what are the correct words that should be used? Are there any other errors.
Thanks in advance.
Are the parts in bold correct? If not, what are the correct words that should be used? Are there any other errors.
Thanks in advance.