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SkinnyPupp · 03-18-2012, 09:41 PM

6.4 is the middle rate. Buying or selling RMB would be more like 6.65 or so.

So 519 * 1.12 = 581 * 6.65 = $3865 COST

And they are selling in China for "above $3520" as you claim, which is still a significant LOSS on each item. Even if you were selling for $4000, it would hardly be worth the trouble of buying, transporting, taking the effort to sell...

They are in the $4400-4600 HKD range right now, which is around $3600 RMB. That is in stores... how much are they paying for them? Probably not much

The whole idea is stupid, Hyde is right this time.

03-18-2012, 09:41 PM	#176
SkinnyPupp Hacked RS to become a mod Join Date: Feb 2002 Location: Sunny Hong Kong Posts: 55,119 Thanked 25,920 Times in 9,111 Posts Failed 1,574 Times in 720 Posts Member's Picture Albums	6.4 is the middle rate. Buying or selling RMB would be more like 6.65 or so. So 519 * 1.12 = 581 * 6.65 = $3865 COST And they are selling in China for "above $3520" as you claim, which is still a significant LOSS on each item. Even if you were selling for $4000, it would hardly be worth the trouble of buying, transporting, taking the effort to sell... They are in the $4400-4600 HKD range right now, which is around $3600 RMB. That is in stores... how much are they paying for them? Probably not much The whole idea is stupid, Hyde is right this time.