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Jules R | 1000% profit margins - is this legal? |
Is it legal to buy something for e.g. £100 and manage to sell it for £10,000? |
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203
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Perfectly legal, it's called capitalism.
Something is worth what you are prepared to pay for it. |
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AUNTY EM
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If you can do it - go for it. Caveat emptor. |
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peter o
 |
nothing new fashion gets things made for a £ 5.and put there name on it and sells it for £80. |
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Social Science Lady
 |
Of course it is. Something is only worth ,what some one else will pay for it. As far as supply and demand is concerned, if supplies of a commodity are low and demand is high, then that commodity can be sold for whatever people are prepared to pay for it. |
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moonbeam
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can u get me something for 100 and ill be able to sell it for 1000 |
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the handyman
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YES!
If the product is legal, any markup is. If you can get it from your customers, why not? Isn't that what the capitalist system is all about? |
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sortaclarksville
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Sure. Why wouldn't it be? Unless its a price-regulated item, you can sell it for whatever price it will command on the market.
I once paid 25-cents for a shirt and sold it for $28 on ebay. |
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Stephen A
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If you buy something , for £ 100 and then sell it for £ 10,000 , yes it is legal
As the seller , you are able to put whatever mark up you like
As for the customer , they will buy , what they want , and if that is your item , then you have made a sell |
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meridimus
 |
of course, unless it means dumping toxic waste. lol |
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polumbo
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one asks oneself ah but how my little chickadee |
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heather g
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yea but watch the tax man might catch hold off ya. |
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