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  1. Anonymous
    Anonymous at |

    I have been a regular reader of the TopTenz list and having worked in the commercial/ purchasing function of a major pharma MNC in India, i do agree with the post and disagree with David on the defence of R&D costs! The products with markup as high as 2000% are products which are mass sold in the market, whose patent has expired, and generic versions are available in the market @ a much cheaper rate!

    In order to counter the generic versions, the MNC’s would typically grease the palms of the doctors by taking them to Medical conferences to South African parks or an event in Bangkok… Sometimes do the interior furnishing of the office/ clinic, in a quid pro quo arrangement where the medical fraternity would inturn prescribe the expensive drugs available only @ the medical shop right outside the clinic.

    The Indian Govt, did take cognizance of this fact and banned all kinds of gifts to doctors, therefore officially right now any kinds of gifts are certainly not given to the doctors, still as a consumer when I visit the doctor the prescribed drugs are available only @ the counter outside the clinic!

    The rest if for the community to discuss and debate on!

    Reply
  2. Scott
    Scott at |

    You forgot Potato Chips. Huge mark up per once they are more expensive than Gold.

    Reply
  3. Texas NFA Trust
    Texas NFA Trust at |

    There are giant markups on everything you buy. If youâ??re a merchant seeking profits, thereâ??s only one way to find them: sell stuff for more than you pay for it.

    Reply
  4. Fang
    Fang at |

    lol I have you guys all beat:

    The biggest markup ever, that is infinity percent, is:


    …software.

    Angry chicken, fruit ninja. How much does it cost them to reproduce it to sell it to you? $0.00

    Reply
  5. Jonathan
    Jonathan at |

    I am a pharmacist and I just want to weigh in and give you an accurate perspective from my point of view. Yes, some drugs are priced high, but RnD costs are very high. Here are the facts. It costs an average of $800 million dollars to develop a successful drug. Only 1 out of 8 drugs a company produces is actually profitable, so the one successful drug has to make a lot to cover the costs associated with bringing the drug to market. Also, when a company gets sued like Merck for vioxx, it costs them 4.5 billion dollars! And when you want to ask a pharmacist a question about a drug you are picking up, about possible side effects, etc, do we charge extra for that? No, it is included in the price of what you are paying for the drug. I thought this was a poor representation of the costs of drugs and the author obviously lacks understanding about the education involved with pharmacists, the intangible advice, and others remarks explained above.

    Reply
  6. Knowalittle
    Knowalittle at |

    I’ve been around the movie theater business for years. Just like any other business, you have to pay your employees, rent, electricity (air conditioning, all the lights you see, all the advertising – its a big bill

    One thing people do not know about movies though, is that most theaters do not keep any of the rake from tickets. Those dollars go to the movie companies themselves. Sometimes these contracts are written where the box (theater) leases the film for a set amount, often a losing proposition. Other boxes sign contracts where they give a percent to the film distributor (usually 90-95% of ticket rake).

    As you can see, the theater receives little if nothing from the movie itself. This is why concessions are so high, it is the only area in which the theater makes money and is able to stay open.

    Reply

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