ALAN Fells' revelations with regard to 'price gouging' fail to identify another version of price gouging which is currently rampant in Australia. Some retailers, but mainly connected with food distribution whether it be straight retail or restaurants, are adding a 1.5 per cent surcharge to purchases by patrons paying with credit cards. How absurd.
Margins selected for products sold in retail businesses including restaurants cover not only the final net profit for the retailer, but also a sum or percentage to cover all of their business expenses. I would have expected this would include bank fees.
