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Old 04-12-2009, 10:19 AM   #136
MontyCarlo

 
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Drives: 2010 2LT/RS auto IBM
Join Date: Mar 2009
Location: Denver, CO
Posts: 1,255
Quote:
Originally Posted by chevymuscle311 View Post
Yes the 3% holdback does mean it is profit. It is simple math. They buy the car for A they sell it for B. Just because they have other business expenses doesn't deminish the profit they made. Thats like me going to my boss and saying um yeah I didn't get paid last month because once I got done paying all my bills I didn't have any money left.
Profit, by definition, is diminished by other business expenses. Profit = what somebody paid you for it - what you paid for it - what you put in to the process of getting it sold.
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2LT/RS IBM/gray #21,895 ordered April 21st, delivered July 3rd
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