So given a 30% profit after all expenses, the store would need to sell another $190,000 just to get back to square one.
It says it’s a consignment store though. Which can mean a number of different things.
Most common and closer to the true definition of consignment: Person brings in a no longer wanted purse which shop owner agrees to sell. When someone buys it, shop owner takes 30-50%, seller gets 50-70%.
In my experience, if the item is stolen, seller gets nothing. Obviously the shop owner gets nothing and a bad reputation.
Maybe there are some places where if the item is stolen, the shop owner still has to pay the seller.
Now sometimes person brings in a no longer wanted purse, shop owner offers a price if seller accepts, shop owner resells it and they still call it consignment.
Obviously in this case if the item is stolen, the shop owner is out the money she paid for the item.