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Post# of 74780
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hometownJOE

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hometownJOE

Re: hometownJOE post# 3781

Wednesday, 04/17/2013 12:51:07 PM

Wednesday, April 17, 2013 12:51:07 PM

Post# of 74780
Gross margin only 7.4%

Sales $148,034
Cost of goods sold $137,017
Gross Profit $11,017

That only works out to 7.44221% before operating expenses. You cannot live off of a thin gross margin this low. How will you pay rent, salaries, marketing expenses and etc?

Question, with only $2,110 in the bank, how are you paying rent or meeting payroll?
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