Here is another thing that doesn't add up.
Borrowing 5 grand which would allow the purchase of inventory that could be sold for $ 7,100.00 that would take 6 months to sell and they would keep 30%...
Type: Posts; User: turboguy; Keyword(s):
Here is another thing that doesn't add up.
Borrowing 5 grand which would allow the purchase of inventory that could be sold for $ 7,100.00 that would take 6 months to sell and they would keep 30%...
It sounds to me like some of the answers are thinking of the 30% payback to be the cost of the loan. Of course the interest cost is $ 245.00 to borrow 5 grand. Now that sounds like just under a 5%...