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Expensive Editor,
Hawkers who increase costs, particularly these whose meals is mediocre tasting, must be ready that they’ll earn even much less, as the quantity of consumers could drop drastically.
As an illustration, if promoting a bowl of noodles at $3.50 earns him $1.50 a bowl after deducting the price of elements, 200 bowls a day bought can be $300 a day in income. After deducting each day bills, there’ll nonetheless be a good revenue per day.
Nonetheless, if he will increase the value to $5 a bowl – even when that earns him $3 a bowl – however the variety of prospects drops to solely 50 bowls a day, his income a day can be simply $150. After deducting his bills per day, he could even make a loss every single day.
So it could be in the most effective curiosity of the hawkers to not increase costs even when elements’ costs rise.
That’s my opinion.
Leonard Ong
The views expressed listed below are these of the creator/contributor and don’t essentially symbolize the views of The Unbiased Singapore
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