How do pawnshops make money?

How do pawnshops make money?

  • Answer:

    They buy things, and then sell them for more than they paid. just like anyone else makes money. they also make loans. If you borrow, say, ten dollars, you pay back 11. It's called interest. And, they also, one would hope, know the difference between a pawn shop and dining out.

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Other answers

Sell the items for more then what they paid for it like any retail store.

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