Saturday, May 4, 2013

1902 profits (corrected)

According to "The Bicicling World and Motorcycle Review", a US publication of 1903, the profits of the Enfield Cycle Co. in 1902 were 94,595 Dollars, which adjusted for inflation, would correspond to 2,470,601 Dollars of today. Notice that most of the sales at that time were of bicycles.

PS: An earlier version of this post incorrectly stated the amounts in Pounds instead of Dollars. Hat tip David Blasco for the correction.

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