Word: cents
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Profitability is the bottom line of that performance. The Coop's sales last year totaled more than $37 million, and its members received a 9.5-per-cent rebate on their purchases. Although the cooperative society must provide this patronage refund to its members, it is entitled to invest its profits from non-member sales into plant, stock, equipment and, inevitably, further expansion. The Coop's formula for successful enterprise is actually quite simple: The establishment exploits the laws of supply and demand to charge high prices for the products it sells while profiting from its limited outlays to labor...
Under the agreement, Hasty Pudding Theatricals will have legal ownership of the film and will receive 50 per cent of the royalties from its distribution...
GSAS now contributes $50,000 a year--about 25 per cent of the total--to help maintain Harkness Commons, which it shares with the Law School. But Harkness is inconvenient for most GSAS students and has become primarily identified with the Law School, McDonnell said...
Cambridge officials expect that the city budget will be cut $14.7 million this year because of Proposition 2 1/2. Francis H. Duehay '55, mayor of Cambridge, ordered all city departments to cut their budgets by 25 per cent last year because of the Proposition, which was approved by a 2-1 margin in the state last November...
Proposition 2 1/2 cuts property taxes to 2 1/2 per cent of their market value and prohibits the state from increasing the taxes by more than 2 1/2 per cent thereafter. It also reduces the auto excise tax 60 per cent...