ridet
7 26 VIAI
1.
kmeid. to:
It is however clear that this business was a 313
profitable one.
The imports account is confused for the same
reason. The following figures give an approximate idea
of the profits made by imports: -
Year. Groas profit. Net profit. Salaries &.Final net profit.
Commission.
1910 8.1,460,000
1911 1,407,000
95,000
74,000
24,500 70,500 4.9%
27,000 47,000 3.5%
1912 1,200,000
65,000
1913
1,500,000
74,000
29,00
35,000
35,000 35
41,000
The figures showing Gross cost and net profit include
the cost and profit made on the South Sea Account. Deduct-
ing these, it is possible to show the net profit on in-
porte proper though the final net profit after deducting
salaries and commission cannot be given except approxi-
mately: -
Gross cost.
1910. 1,241,000
1911
1,116,000
Net profit.
$. 81,000
57,000
1912
1913
893,000
1,179,000
47,000
6.5%
5%
5%
57,000
5%
If the full amount of salaries and commission (as
shown above) is deducted, the percentage of profits to
turnover works out at 4.9% for 1910, 2.7% for 1911,
1.8% for 1912 and 2.0% for 1913. It is clear that as
a part of these charges are debitable to the South Sea
account, the actual percentage of profit on imports
is
!