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From my experience, E is cheaper than P only if I'd get books from the dark (and it's the only way to have them in italian, btw).
P: I buy used a typical paperback (6-8€ in english, 4-6€ in italian), i read it, and I sell it the next week for almost the same price (4€ english, 2.50€ italian). New books I buy just when discounted 50% at least (*).
Average is under 2€/book.
E: 600€ iLiad v2, 70€ spent on BoB, Mobipocket, FW, etc, 35 to 40 books read. Average is almost 10 times more.
To be honest, I just give away some of my books for free, and a very few of them I keep (e.g.: the Divine Comedy, in a special editions. I paid 165€ for it, so I keep it out of the picture).
(*) Last year I bought 4 Penguin Thrillers in a "2 for 1" offer. I sold them separately for half of the cover price...
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