Is she is trying to infer that $240 million is pure profit? she obviously has somebody doing her accounting for her. Guns under $300 retail can be found, but that does not mean it is the direct-from-factory price and they still have to discount the manufacturing costs. I have no idea of the numbers in the gun industry, but I would guess that final profit runs about or under 5% of retail and I would not be surprised if I am a tad high.
And where in loving Dickens did the idea that the Federal Government wants to force teacher to carry guns comes from? And paying for the guns? Somebody at NoRA has been toking the Chron way too much.
But let’s do a wee bit of math, shall we? 25% of 3.2 million teachers is 800.000. Let’s say that it takes a year to arm all of them, that comes to 66,660.6 gun/teachers a month. Last year, a year that the media could not stop saying how bad business was for gun companies now that Trump was in charge, the total NICS checks was 25,235,215 or 2,102,934 per month. That would make NoRA’s Federal Government conspiracy to buy guns a palsy 3.17% of the monthly guns checks.
Let’s continue. 5% of $300 (retail price) comes about $15. Multiply that for 800,000 teachers and we get $12,000,000.
So, according to Alyssa Milano, the NRA spent 30 million dollars of its own money to try to sell guns to teachers for a grand total of 12 million dollars in profits that will go to somebody else’s coffers?
Libs Can’t Math. (I should put it in t-shirts and sell them)
Let’s compromise: let’s take half of Ms Milano’s proposition, arm 12.5% of teachers. A small start but a good start.
In fairness, she did say “revenue”, which is correct. She ignored that profit is only a few percent of that.
Re arming at government expense, I hadn’t thought of that. If you think of them as the militia, then this is in fact proper, one of the very few things the government currently does (like 1% or so) actually authorized by the Constitution.
I want my M4A1 then!
So based on some previous court filings from Glock, their net margin was 68% on their pistols. Since these wholesale for around $500, this puts their net cost at (very generally) around $160 per pistol.
Add $25 per unit for shipping and $25 for a background check at pickup.
Puts this at a net of around $90 per unit.