I have a friend that sells furniture at retail, which means that she buys at wholesale. She told me that the markup on furniture is 300%. I couldn't believe it when she told me, but she was adamant, and an authority in the field.
So the next time you are shopping for brand new furniture, NEGOTIATE! Do not let them rip you off!! Start your beginning price around 50% less than their listed price and only go up a little. If they won't work with you walk away. With the economy this bad, furniture stores are hurting right now.
If you want to get great furniture at a great price, go to www.craigslist.org. There is so much furniture that people are trying to sell, and it is much easier to negotiate prices. Plus most of it is in pretty good condition.