@jordanlundM to BusinessEnglish • 6 months agoCostco cracking down on non-members eating at food courtswww.nydailynews.comexternal-linkmessage-square14arrow-up157arrow-down13
arrow-up154arrow-down1external-linkCostco cracking down on non-members eating at food courtswww.nydailynews.com@jordanlundM to BusinessEnglish • 6 months agomessage-square14
minus-squareSnausagesinaBlanketlinkEnglish10•edit-26 months agoHow do you lose money selling one hotdog for what a 10 pack of cheap hotdogs cost?
minus-square@SpaceMan9000linkEnglish15•6 months agoMostly man power and the power it takes to prepare the hot dog.
minus-squareChe BananalinkfedilinkEnglish11•6 months agoIt’s not losing money, it’s losing a percentage of profit. Say 10 hot dogs cost 1 dollarydoo. 1 hot dog sells for 1 dollarydoo that’s a 10% food cost. Enter bullshit inflation, hot dogs now cost 2 dollarydoos, so each one sold at 1 dollarydoo is now at 20% food cost. that 10% comes out of profit margin unless your labor & fixed costs are 0.
How do you lose money selling one hotdog for what a 10 pack of cheap hotdogs cost?
Mostly man power and the power it takes to prepare the hot dog.
It’s not losing money, it’s losing a percentage of profit.
Say 10 hot dogs cost 1 dollarydoo.
1 hot dog sells for 1 dollarydoo that’s a 10% food cost.
Enter bullshit inflation, hot dogs now cost 2 dollarydoos, so each one sold at 1 dollarydoo is now at 20% food cost.
that 10% comes out of profit margin unless your labor & fixed costs are 0.