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I did buy a lot of secondhand books, but I didn't just pick up any random thing on the $1 bin. I bought best-sellers at half-off from a local store that gets a lot of remainders and overstocks. Typical price was $9-11 per book. So if I am under $10 a book (with ebooks) then I consider it a win.
I have found that the free reads do subsidize the paid ones, so that even when I factor in device costs, I come out ahead. The best formula I have found for calculating true cost is money spent divided by books read. That way, paid books I have not read yet don't factor in, but free books I have read already (but not paid for) do. It's a more true number.
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