Balance transfer fee or another form Interest?

[lethal_kamikaze]

Re: Balance transfer fee or another form Interest?

@psyah

Now consider a mortgage A goes to B and asks for loan to buy house $P … Since B wants to make money on this … B buys the house at $P and then sells the house to A at price $P+$X … However, when the deeds come to A and the value of the property is in actual fact only $P … The effect is that B has taken A $X amount out of pocket. So even a fixed amount above the purchase price is not working out as “fair” … It is not as if the house price is equal to the buying price.

Peace psyah,

Is this term if used in a business to make profit (not related to bank) what it would be? Just want to clear myself.

Example: If a businessman buy a product from an agent @ ‘A’ and sells in market @ A+1. Than the +1 will be considered ‘sood’ or profit?