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Are you sure about that? Their average markup is around 10%, so that would mean that the average member would be spending $600 or less in the store per year.


https://www.forbes.com/sites/shelleykohan/2023/10/24/costco-...

I've seen the same numbers in multiple articles state that 72% of Costco's profits came from the membership fee in a year that they saw record sales.




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