What am I missing here?
By my calculations $8 mil divided by 77 million cigarettes equals $0.10 per cigarette or $2/pack. How much is a pack of smokes going for in new York these days?
Holy cow, I’m an idiot!! Many people on this site have long suspected this. Suspicions confirmed!
I divided 77 mil by 8 mil instead of vice-versa.
It's about $5/pack in the People's Republic of California. I think it's more than double that in New York.