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When you hear a credit card fee, remember that it is calculated off gross sale, not profit. A 5% fee on an item marked up 100% is a 10% drop in income to a fam
by IAmBroom 1y ago
When you hear a credit card fee, remember that it is calculated off gross sale, not profit.
A 5% fee on an item marked up 100% is a 10% drop in income to a family-shop.
Food profits run much tighter than other goods, so it can be even worse.