if i bought a branded dress from a retail shop...at cost price lets say $20 and can i sell it in the auction for $30? is it illegal?
2006-07-16 22:34:00 · 13 answers · asked by flurry 2 in Local Businesses ➔ Singapore
haha, not everything is illegal in Singapore. Well, if anyone is willing to buy it and you are not cheating people by any misrepresentation.. why not?
2006-07-16 22:36:22 · answer #1 · answered by ~hoyo~ 2 · 1⤊ 0⤋
Flurry ..No...auctions are created in a way of making profit. I know of a lady who buy cheap earring in bali about 90 singapore cents and sold it for 40-50 bucks...She earn from this but just a sideline ;)
2006-07-22 16:17:57 · answer #2 · answered by Unknown Warrior 2 · 0⤊ 0⤋
no its not illegal, all trading company is doing the same. They buy and sell. The U$10 is your mark-up or gross profit.
Go for it!
2006-07-17 05:39:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋
nope its a auction the price will go up any way
2006-07-17 05:38:01 · answer #4 · answered by OZoNE 4 · 0⤊ 0⤋
It is perfectly okie. As long as there is a demand , there will be a sales transaction closed.
By all means, go ahead and make your profit !
2006-07-23 08:50:00 · answer #5 · answered by patoriclim 1 · 0⤊ 0⤋
you can do it knowe body gona know and by law its legal but just think according to ethics, would you be satisfied after selling it at higher prices?
Ask your heart...........do what ever it says!
2006-07-17 05:39:28 · answer #6 · answered by Fishi 3 · 0⤊ 0⤋
I just go on with what others Say's.
2006-07-17 05:41:02 · answer #7 · answered by mosesdmoses 1 · 0⤊ 0⤋
don't think it is illegal
2006-07-17 05:36:46 · answer #8 · answered by devangel1980 3 · 0⤊ 0⤋
don't think so, I think that's called profit
2006-07-17 05:36:23 · answer #9 · answered by REAPER_ENTERPRISES 5 · 0⤊ 0⤋
No
2006-07-17 05:38:22 · answer #10 · answered by Bill 6 · 0⤊ 0⤋