Quote:
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Originally Posted by The Heron
If you want to think about something funny: Gas prices at the pumps jump up almost instantly after news that crude oil prices increase. However the gas at the stations already and on ships at sea coming over are not affected by the oil price increase... so why do we pay more for that gas?
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To cover the cost to replace it.
If I sell apples at .05 and and order and sell 10 a week that cost me .03 each, which makes me .20 profit. Then I hear from my distributor that the next shipment of apples will cost me .05 cents each should I keep my apples currently at .05 until I run out then reorder at .05 or should I raise my price to .07 each to offset the next orders cost which would run me .20 more?