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Why do the national used textbook companies only pay 10 to 33% of the new price of a book?

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Why do the national used textbook companies only pay 10 to 33% of the new price of a book?

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The price paid for a book is based on its value to the used book company. Some of the factors that enter into their price determination are the quantity they already have on hand in their warehouses, the anticipated national demand for that title in the near future, the chance that the book will come out in a new edition, etc…

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