Article

2020-11-19 Britain

On-duty police officer 'tried to buy £9.95 box of Krispy Kreme donuts for 7p using barcode meant for carrots at Tesco self-service checkout'

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Posted by Bright Pebbles 2020-11-19 05:04|| || Front Page|| [6 views ] Top

#1 $13.00 for a box of donuts with a material cost of maybe $3.00. Who pays that much for donuts?

Posted by Sleater Forkbeard4502 2020-11-19 08:09|| 2020-11-19 08:09|| Front Page Top

#2 Lots of people overpay for donuts. And it's not just the material cost that goes into something. It's the skill, equipment, electricity, and the fact that you have them and other people don't, that make them valuable. An item is worth whatever somebody is willing to pay for it, not what the components were worth.

Posted by Vernal Hatrick 2020-11-19 08:22|| 2020-11-19 08:22|| Front Page Top

#3 Who pays that much....

#2 is spot on. Why do people buy name-brand items in the grocery store instead of generics? Why do we buy that hunk of plastic made in China for $5.99 that may have cost pennies to produce? &c, &c, &c.

Posted by Clem 2020-11-19 08:57|| 2020-11-19 08:57|| Front Page Top

#4 It's the skill, equipment, electricity...

The things you cite are rolled into my cost estimate. At a place like Krispy Kreme skill isn't part of the equation. The raw ingredients are dumped into a machine, it spits out the donut onto a conveyor and just about everything is automated.

An old friend was baker and he said that donuts are a product with with exceptionally low productions costs and high profit margin. Even a neighborhood mom-&-pop shop can make a very nice return on a modest investment.

Posted by Sleater Forkbeard4502 2020-11-19 09:03|| 2020-11-19 09:03|| Front Page Top

#5 He bet dollars to donuts, and lost

Posted by Herman Black4873 2020-11-19 10:05|| 2020-11-19 10:05|| Front Page Top

#6 Coulda been 24 donuts in the box for $13. Not too bad, I'd say. Value-Added Tax?

Posted by Bobby 2020-11-19 10:53|| 2020-11-19 10:53|| Front Page Top

#7 Oh, look, the labor theory of value myth raises its ugly head again.

Posted by Rob Crawford 2020-11-19 11:06|| 2020-11-19 11:06|| Front Page Top

#8 I'd imagine the automated doughnut equipment is a pretty high-cost initial investment.

After several thousand 'product productions', it's probably paid for though.

Posted by Mullah Richard 2020-11-19 11:07|| 2020-11-19 11:07|| Front Page Top

#9 No sin tax? No working from home tax?

Posted by gorb 2020-11-19 14:16|| 2020-11-19 14:16|| Front Page Top

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