0
If the retail price of an item is 21 and the retail gross profit margin is 33 percent what is the wholesale cost?
Wiki User
∙ 14y ago
14
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What effect does increasing the retail and wholesale margins have on the manufacturer's selling price?
It may have no effect if the retail price is raised. You can increase the retail and wholesale price margins by increasing the retail price, decreasing the manufacturers selling price or a combination of both.
Differences between retail banking and wholesale banking?
The difference between retail and wholesale banking is much like the difference between retail and wholesale food procurement. The methods are very similar however, it is necessary to be well educated in the industry to insure getting the best product at the best price. Retail is for consumers, wholesale is for the industry.
How do you calculate wholesale price given a multiplier and suggested retail price?
ask yourself that question.
How do you calculate wholesale price and retail prices?
How do I calculate wholesale price and retail price Wholesale price is the price for an item in a big quantity plus additional costs as handling, shipping, storage, etc. for the whole package. Retail price is the actual price of the product plus similar additional costs of above, you can imagine that is way less expensive to scan a whole pallet at once than scanning 10000 hot sauce bottles one by one, that's why retail price is higher. (you can also add the risk of damage, stolen object, due date, etc to that)
What methods do not require a physical inventory periodic inventory system perpetual inventory method retail method or gross profit method?
periodic inventory system
What is the average retail profit margain?
The average retail profit margin is around 8 percent. Retail makes their profits by selling large quantities of product.
How do increases in the retail and wholesale margin affect the unit contribution?
What About drop shipping?
How do you get a retail price if you have the gross profit percent and cost?
Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost.
How does the buying at wholesale prices and selling retail prices help you make a profit?
Well its really simple profit is equal to selling price- cost of good sold. therefore increasing profit comes from several actions, the cheaper you buy(wholesale) the more profit. The more expensive you sell (retail) the higher the profit. The next factor is volume, the more you sell the more profit you will receive thus all retail business tries to make the largest difference in price between wholesale and retail price while maintaining high sales volumes since you are probably a kid heres and example buying 20 ipods for 100 each (wholesale) and selling them for 200 each retail creates 100 profit per each ipod.
What is the definition of merchant?
one whose occupation is the wholesale purchase and retail sale of goods for profit
What is the retail price when wholesale price is 200 and percent markup is 100?
The retail price will be 400 dollars. This is a high markup percent. You can get so many deals by participating in auctions or going through wholesale places.
What is the difference in buying spa products at wholesale and retail price?
There is a large difference between wholesale and retail prices for any product. Wholesale price are much lower so the retailer is able to markup the price and make a profit off the sale of the item.
How does the buying at wholesale prices and selling at retail prices help you make profit?
An example would be if you bought a sofa at a wholesale distributor for $300.00, then sold it at a mark-up of 2.100 percent, you would subtract out the cost of transportation,i.e. $25.00, and your profit is $305.00. You would have to subtract any overhead you might have also, if you own or rent a storefront.
What is the difference between margin and markup?
Markup is the increase in price of a product, from the cost to the retailer, to the price charged to the consumer or end-user. Margin is usually considered to be the remaining profit left over after deducting things like wholesale cost and other operating expenses such as rent, wages, advertising, transportation, taxes, etc. from the retail price charged for a product or service -- Which means margin for the stockholders, etc. . . .
Can MAP pricing work for a distributor selling to a series of retail dealers when the manufacturer locks distributor margin as a fixed percent of retail?
yes!
What is the SMC program on TV really about?
SMC is a wholesale retail provider. You pay them for membership and order products at wholesale costs, which you are then supposed to re-sell at a marked-up price for profit at flea markets, kiosks, fairs, retail stores or online.
What is antonym for wholesale?
The antonym for wholesale is retail.
