SOLD – OUT OF STOCK
This was a customer return item. The outer packaging had been opened but the product had never been used and all parts were present and correct. These handles were previously offered for sale new with an RRP of £25.07. These T Bar handles were sourced via online auction.
Purchase Details:
Purchase Price = £0.10
VAT = £0.02
Apportionment of delivery charge = £0.12
Total Cost Of Purchase = £0.10 + £0.02 + £0.12 = £0.24
Sale Details:
Sold via Ebay Auction = £4.99
Final Value Fee = £0.93 (fee based on item cost + delivery cost)
Regulatory Operating Fee = £0.03
Final Value Fee Fixed Amount = £0.25
VAT on Fees = £0.25 Total Cost Of Ebay Fees = £1.46
Fees as a % of item sale price = 100 x (1.46/4.99) = 29%
Delivery Charged = £3.71
Delivery Cost = £3.71
Profit From Sale = £4.99 – £0.24 – £1.46 + £3.71 – £3.71 = £3.29 Profit percentage = 100 x (3.29/0.24) = 1371%
Conclusion
The profit percentage suggests I was right that these kitchen cabinet handles were a bargain at 10 pence!
The buyer saved approximately £20 off of RRP so I’m pleased that they secured themselves a bargain as well.
