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TIL That grocery store margins are only 1 percent to 3 percent of the sales price of an item

https://smallbusiness.chron.com/profit-margin-supermarket-22467.html
#til #todayilearned
https://www.reddit.com/r/todayilearned/comments/1fzsrim/til_that_grocery_store_margins_are_only_1_percent/

What Is the Profit Margin for a Supermarket?

What Is the Profit Margin for a Supermarket?. Although Americans spend about 10 percent of their income on food, supermarkets and grocery stores don't make much off of each customer's bill. However, some items in a supermarket can have a huge margin.
Barbara Bean-Mellinger (Chron - Small Business)
#TIL #todayilearned
AMonkeyInSilk
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