can someone explain the savings club(universal thrift)?
i dont understand how this venture worked or made money...
Because nobody loves me, its true
not like you do...
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MovieChat Forums > The Card (1952) Discussion > can someone explain the savings club(uni...
Tut now...
1) Denry pays for all goods at cost - 15%
2) His club members buy goods at cost
3) Denry makes the 15% difference as profit (minus any interest he pays on the capital loan from the bank).
Example:
- someone buys a table for 100 pounds. Denry pays the storekeeper 85 pounds for it. He makes 15 pounds.
Hope this helps...
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There's no virtue in believing - Edwin Clayhanger (Arnold Bennett)