The 20% buy-back 90% resell stuff sounds unreal. At most colleges here (in Sweden) the student union runs a second-hand non-profit bookstore, and a lot of students buy and sell used books by notices on the institution billboards. Used books are at around 60% of the original price. At the bigger universities the student union even runs their own bookstores. One of the biggest bookstore chains in Sweden started out as a co-op between student unions.
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