IndianMascot
Core Member
Time for Dinner 
General Discussion Thread
- Thread starter EFI
- Start date
Technoglitch
Core Member
Happy Sunday to all.
IndianMascot
Core Member
Good Morning Dosto. 
Enjoyed a long sleep.
Enjoyed a long sleep.
Music Fan
EntMnt Contributor
Statistics of phone freedom251.
291rs per phone. (251+40rs shipping)
x 6L order per second
= 17.46 cr
It was taking order till 12.15pm approx
I.e 6 hrs and 15 min which is 22,500 seconds
17.46 cr per sec x 22,500 sec
= 3,92,850 cr
3,88,494 cr was turnover of reliance industries in year 2014-15
That means within 6 hrs 15min they crossed turnover of reliance
Within 6 second tax audit become applicable to that company
And if we calculate interest on the said amount per day
3,92,850 cr x 4% x 1/365 (by taking minimum interest rate)
= 43.05 cr
And if after 4 months they will say we are unable to give product and refund 291rs to everyone
43.05 cr x 120 days approx
= 5,166 cr
They will earn within 4 months by way of interest
Now you will say about their promotion cost
Deduct 50L,1 cr, 5 cr or even 50 cr, that will not make much difference to the figure
THINK ABOUT IT N HOW TO MAKE A BUSINESS
291rs per phone. (251+40rs shipping)
x 6L order per second
= 17.46 cr
It was taking order till 12.15pm approx
I.e 6 hrs and 15 min which is 22,500 seconds
17.46 cr per sec x 22,500 sec
= 3,92,850 cr
3,88,494 cr was turnover of reliance industries in year 2014-15
That means within 6 hrs 15min they crossed turnover of reliance
Within 6 second tax audit become applicable to that company
And if we calculate interest on the said amount per day
3,92,850 cr x 4% x 1/365 (by taking minimum interest rate)
= 43.05 cr
And if after 4 months they will say we are unable to give product and refund 291rs to everyone
43.05 cr x 120 days approx
= 5,166 cr
They will earn within 4 months by way of interest
Now you will say about their promotion cost
Deduct 50L,1 cr, 5 cr or even 50 cr, that will not make much difference to the figure
THINK ABOUT IT N HOW TO MAKE A BUSINESS
What about those 6 lakhs people filing a lawsuit against them ? And court rules out in favour of people ? Will company pay 3000 rupees per phone to people, which is believed to be the minimum making cost ?
IndianMascot
Core Member
I don't think so. Company will pay only the amount taken.