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New restaurant on street #19, got a 30% discount card so giving it a go. Review to follow.

Thanks for telling us you have a 30% discount to place you have never been to!

Are you from Detroit?

Mekong Mickey wrote:Are you from Detroit?

Something wrong with the filters - are the admins letting just anybody in here?

StroppyChops wrote:

Mekong Mickey wrote:Are you from Detroit?

Something wrong with the filters - are the admins letting just anybody in here?

Heaven help us!

I also have a 30% discount card! ! ! ! .....that I haven't used just yet... Soon though..

WOW! Just Wow! I wish I had 30% off a place I have never been to and probably will never go to!

All this tells me (like any other sale or discount) is that the place is ripping people off at least 30% over and above...

StroppyChops wrote:All this tells me (like any other sale or discount) is that the place is ripping people off at least 30% over and above...

it's called a loss leader.

generally cost of goods + 100% should be around where your selling price lives. this generally allows for overhead expenses/etc with some profit. obviously on big ticket items that require lower overhead this is something you won't get by with.

when you do a sale like this you're at cost of goods + 70%... generally still enough that you won't go bankrupt and worth it to get those people in the door and talking about your product. it's marketing, and generally written into a marketing expense column as a cost of doing business. it doesn't mean that your regular price is too high.

^ understood.

OrangeDragon wrote:

StroppyChops wrote:All this tells me (like any other sale or discount) is that the place is ripping people off at least 30% over and above...

it's called a loss leader.

generally cost of goods + 100% should be around where your selling price lives. this generally allows for overhead expenses/etc with some profit. obviously on big ticket items that require lower overhead this is something you won't get by with.

when you do a sale like this you're at cost of goods + 70%... generally still enough that you won't go bankrupt and worth it to get those people in the door and talking about your product. it's marketing, and generally written into a marketing expense column as a cost of doing business. it doesn't mean that your regular price is too high.

Wouldn't a 30% discount on the meal be "cost of goods" + 40%? Just asking