This week's TV saw Wickes back with their red pencils out again, honestly, you expect this sort of filth on BBC3 don't you?
Anyroadup, (as my Mum never says), I was a bit shocked at the latest price cut Wickes are peddling, and being a boring sort of bloke - took to my calculator.
Assuming the new price - £2.15 includes 20% VAT, Wickes are selling their Sealant at net. £1.80, and again assuming they 'only' look for 20% for themselves, they will make 30p profit at this new price (highly unlikely), making the cost to them - per tube, £1.50.
Ok, so this means the original £5.19 price tag included VAT of 86p, so net £4.33. Cost is £1.50, so profit was £2.83 per tube. Or 65% ?
Is it me? Just what sort of margins are being sought up and down rip-off Britain?
