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<blockquote data-quote="DaveR" data-source="post: 2541522" data-attributes="member: 111097"><p>(Oops - double)</p><p></p><p></p><p>Lost money? No… they increased their original net profit by $5.</p><p></p><p>Credit card fee they pay per transaction is about 2%. So, on second sale they paid 0.02x38.99 = $0.78 in card transaction fees ($1.44 total fees) but they increased the price by $6 for a profit bump of $5 over the original profit.</p><p></p><p>Cost of occasional restocking? Negligible and part of customer service.</p><p></p><p>People returning tools to Home Depot/Lowes/Costco after a project or returning a generator after a power outage, yes, abusive. That's not this case.</p></blockquote><p></p>
[QUOTE="DaveR, post: 2541522, member: 111097"] (Oops - double) Lost money? No… they increased their original net profit by $5. Credit card fee they pay per transaction is about 2%. So, on second sale they paid 0.02x38.99 = $0.78 in card transaction fees ($1.44 total fees) but they increased the price by $6 for a profit bump of $5 over the original profit. Cost of occasional restocking? Negligible and part of customer service. People returning tools to Home Depot/Lowes/Costco after a project or returning a generator after a power outage, yes, abusive. That’s not this case. [/QUOTE]
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