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Business acquires materials, combines them with labour, total cost of job is labour plus materials plus a premium on those materials.
That quite comfortably describes both a bike shop and the operation of a tradesperson we’re talking about.
Amusingly, it’s also fairly accepted practice with bike shops that if you provide the materials yourself the labour actually costs extra!
I am so confused by everything.
Surely builder/etc. get trade discount (I know places like Leyland do them), allowing builders to charge retail price, like bike shop charge retail on components when they brought it on trade?