Posted Thursday, August 11, 2011 12:51 PM | Contributed by Jeff
An intervention by the Consumer Protection Commission and the Tourism Bureau could soon see the ban on outside food and pricey souvenirs at the nation’s theme parks become history. As the summer vacation is a peak period for tourism and travel, the commission and its local offices, the Tourism Bureau and health authorities listed 13 major theme parks for inspection.
Read more from The Taipei Times.
Only a 60% markup....amateurs!!! Here in the US we pay a 133% markup on bottles of coke at Six Flags!! ;)
133% markup on a 20oz bottle of Coke that costs the park 75¢ would be $1.75/bottle. :)
...and if the park charged $1.75 for a bottle of Coke, I would drink too many of them all day long.
I suppose I should thank the parks for sparing me from my own vices!
--Dave Althoff, Jr.
I was comparing the price you pay 'on the street' of $1.50 - compared to the park price of $3.50...and I am pretty sure that is what they are referring to in Taiwan, too...
I was referring to what "mark up" means.
Ready the quote from the article...they were referring a markup from retail price, not the wholesale-retail markup...
Some vendors sell beverages that normally cost NT$25 for NT$40, Chang said, adding that that amounted to a 60 percent markup in price.
That's not really markup though. There's no such thing as markup from another seller's price.Last edited by Tekwardo, Friday, August 12, 2011 11:18 AM
I typically think of "markup" as being from cost to sales price. The increase in price from an off-site retailer to a captive audience situation I think of as a "convenience (and/or resort) surcharge". Don't think there's any official economics dictionary, though... ;)
You must be logged in to post