That margin is after paying fro rent, insurance, wages, advertising,
etc.  Not direct, item-by-item mark-up.

Karl Wolz
 >
 > I used to work in the Parts Dept. at an Olds/Cadillac, GMC Truck
dealership.
 > Our prices were across the board 60% cost, 40% markup.  So even if we
sold
 > to someone at a 35% discount, we still had a %5 margin.  Not much,
but most
 > grocery stores operate on a 5% average profit margin.
 >
 > Norm