Question

As a business, we have stock in another store where the owner of that store gets 30% of the sales and we get 70%. We make part of our stock and purchase the rest.

How do we deduct the sales of these items since we're taking a 30% cut off the top? Is this 30% considered 'discounts'?

The sales revenue will be the full value of the sale; however, the Cost of goods sold would include the other store's "Storage Charge?".

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