Quote:
Originally Posted by Sandy and Ed
Believe the point was that every cost added to producing or supplying a product needs to be offset by an increase in price if the profit is to be maintained. I only hope that the increase is an absolute dollar amount and not a percentage (e.g., 25% increase in cost of goods sold should not mean a 25% increase in profit). If you are making $5 on a sale before you should be allowed to make $5 now but not $6.25!!!
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Is that because profit, which is in turn spent on reinvestment in the business, salary raises or dividends is
not subject to inflation?????? Ever run a business?????