Coop Rebate Soars To 7.5 Per Cent; Highest Level Ever

The Harvard Coop this year will offer a 7.5 per cent rebate to all members of the cooperative, the largest in the history of the store.

Howard W. Davis, general manager of the Coop, said this week he attributes the rise from 7.35 per cent last year to sales going up faster than expenses--"so there was more left for profits."

The Coop will pay out about $1 million in rebates this year. The store determines individual rebates from a percentage of the purchases of each member.

The Coop's rebate has increased steadily in the last four years, going up by at least once percentage point a year until this year.

Skyrocketing Sales

Davis cited skyrocketing sales figures as the principle reason for the yearly rebate rise.

Sales have increased by 42 per cent, from $17 million to $24 million in the last three years.

Davis gave the rise in sales, which went from $457,000 in 1972 to $1.9 million in 1975 as indicative of the sales boom at the Coop.

The Coop will pay about $1 million jegister today, marking nearly a 50-percent drop in the size of the incoming class over the past eight years. The decrease places were offered than in past years, but various universities to enable students to students this year