Join Date: Mar 2001
Location: Peoples Republic of Vermont
Actually, the markup on the cam is 55% and the intake is a little shy of 52%. STILL a tad excessive over the "norm" which would be 40-50% of wholesale cost, not what the public can buy it for.
On the other side of the coin, had you purchased and supplied the parts they may have declined to DO the work or charged a premium labor rate.
Now, some folks who have never owned or run a business that deals with sales of both products and services may not understand markups, margins, overhead and other such terms but let me just say this.... if you can't make about the same dollar amount in GROSS profit from parts AND labor then you need to re-think doing the job. When you have to pay salaries, benefits, workers comp, unemployment insurance, 7.65% of the employees social security contribution, property and casualty insurance, garagekeepers liability insurance, utilities, capital improvements, repairs, subscription services, tool costs, refuse, recycling, environmental, government fees, permits and licenses, it's not like you can charge fifty bucks an hour and call it "good".
What, me worry?
- Alfred E. Neuman