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Q: What does Costco CEO make?
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What is Costco's price markup?

Costco CEO Jim Sinegal has said that Costco will never markup a product more than 14%. For example, if a product cost $1, the most Costco will sell it for would be $1.14.


What is Costco's price markup-?

Costco CEO Jim Sinegal has said that Costco will never markup a product more than 14%. For example, if a product cost $1, the most Costco will sell it for would be $1.14.


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Costco was founded in Seattle Washington, on September 15, 1983 by Jim Senegal and Jeff Brotman.


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Costco's food court sells a hot dog with a soda for a mere $1.50. The price hasn't changed since it started selling them in 1985. CEO Jim Sinegal is adament about keeping the price cheap. Many business analysts believe the food court items are a "loss leader" - meaning that Costco may not make much of a profit off of them, but they lure customers into the store to buy other products. Have you ever left Costco without spending $100?


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