The man who makes R60,000 per month selling 10 large bananas for R10 in a small town in South Africa

[Bad Ballie]

So where does he find the 60 000 bananas he sells each month then?

 

[EmmanuelGoldstein]

10 large bananas for R10
Each costs R1.00
So assume R60k profit at 50% markup... that means this dude has to buy the fruit at rock bottom prices???

 

[TheMightyQuin]

Another bullšshit article confusing revenue with profit. He doesn't make R60,000 per month.

Came here to say this.

"makes"...what kak journalism.

turnover vs profit......

 

[TheMightyQuin]

10 large bananas for R10
Each costs R1.00
So assume R60k profit at 50% markup... that means this dude has to buy the fruit at rock bottom prices???

You assume wrong....he's turning over R60k, not making R60k profit.

 

[EmmanuelGoldstein]

You assume wrong....he's turning over R60k, not making R60k profit.

Yep, that makes more sense. Thanks

 

[Xtm]

These articles are amazing jokes.

 

[dualmeister]

I read brannas ...
That would be impressive

 

[A3@MBB]

Something doesn't add up, the guy can manage to make a decent profit on selling a large banana for R1?
Bananas aren't cheap any longer, retail is R20/kg and wholesale half of that at R10/kg, a large banana is well over 100g..

Input costs is perhaps limited to only labour?

 

[Thorium]

But does he adequately reimburse the Means of Production?
What about all the ill-treated farm wakkas barefooted slaves on the farm?
And what about the Receiver of Revenue?

 

[konfab]

Something doesn't add up, the guy can manage to make a decent profit on selling a large banana for R1?
Bananas aren't cheap any longer, retail is R20/kg and wholesale half of that at R10/kg, a large banana is well over 100g..

Retail has much higher overheads. Also, remember these guys are getting the grades that the exporters and retailers do not want.

 

[animal531]

So where does he find the 60 000 bananas he sells each month then?

At 10/10 = R1 per banana that's 2000 bananas per day, but looking at his table he only has say 200....I don't think Daily Investor passed primary school math.

 

[EmmanuelGoldstein]

At 10/10 = R1 per banana that's 2000 bananas per day, but looking at his table he only has say 200....I don't think Daily Investor passed primary school math.

DailyInfestor is an LLM, so of course maths isn't its bag!