Jameel replied on Thursday, June 9, 2011 04:09 PM
Profit is Halal but Profit earned by Fraud is Not Halal,
You might be surprised that margin of Profit in certain Commodities is Not 1 or 2 % Rather Varies from 20 to 50%,
Medicines 20 to 25%
Cosmetics 20 to 50%
Groceries 20% [excluding few]
Jewelery Gold 15 to 20%
Jewelery Non Gold Diamond etc 20 to 50%
Watches [Higher end] 25 to 50%
Stationary 15 to 30%
My Brother is having a store and I was astonished to Know, he told small shop justifies that he needs Minimum 1000 per day profit form 5000 sale, The big store who gives minimal discount as compared to small shops are real earner, as they earn upto 100,000 Per day if sale is 5 lac. There is almost one store in each Mohalla in Lahore which have more than 5 Lac sale per day. |
