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So does your statement mean you don't pay tax on your shoes, which allows you to have $60 net profit?
I think it may look more like this, considering $220 plus 9% CA tax = $240.
$350 - 20% ($70) leaves you with $280. Subtract your cost ($240), which leaves you with a $40 profit. HUGE difference. Which means...if you move 2 and keep 1, you paid $160 for your pair. All in all, you paid $120 for your personal pair, which is not bad. But think about all the work you're doing just to get your pair at 50% discount.
Time and gas spent raffling at multiple locations.
Time and gas spent claiming your 3 pairs 5 days later on RD
Time spent coordinating your consignment with FC (if you pick up your check in-store, then factor in gas costs as well)
At the end of the day, you're most likely breaking even considering the factors I pointed above and which Mike Diamond also mentioned before me.
Of course, that's just my opinion. I aint' mad atcha cause it's your hobby. Getcha sum.
Well said, I have my doubts regarding Vandelay Industries. Oh well, this is the internet.
Looking to get two pairs tomorrow morning, leave the size 14s alone fellas. Happy hunting to all.
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