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the retail price is the price that it is intended to be & the cost price is the actual price it is being sold as, for instance a famous brand jacket's retail price is £300 but in the store the costing price would be £250.
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What is difference between price and value?
Price is what something costs; value is what something is worth. Quality of the product will determine it's overall value relative to it's cost.
Name and explain three reasons why wholesalers and retailers compute their markup on the retail price rather than on the cost price?
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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 difference between total customer value and total customer cost?
The difference between total customer value and total customer cost is__________.
How do you mark up pricing?
Mark up is the percentage difference between the selling price of a product (to the customer) and the cost of the product (you bought it for). For example, you sell a sandwich at £1.99 and it cost you £1.40 to make it. The difference is £0.59. So the mark up is £0.59/£1.40 x 100% = 42.14%
What is the difference between cost and list price?
whats the difference between cost and list?
What is the difference between price and average cost?
marginal cost
What is price erosion?
difference between actual cost and potential price
Do you stocktake cost or retail price?
COST !
What is the difference between constant opportunity cost and increasing opportunity cost?
Real cost is the price which is real not a fake price
What is the definition of profit and loss in mathematics?
Profit:If the selling price(S.P.)of an article is greater than the cost price(C.P.), the difference between the selling price and cost price is called a profit. loss:If the selling price (S.P.) of an article is less than the cost price(C.P.),the difference between the cost price and selling price is called loss.
How much the Price difference between cupronickel and steel?
they cost the same
What is profit and loss in mathematics?
Profit or Loss is always calculated on the cost price.Cost price (C.P.): price on which an item is purchased.Selling price (S.P.): price on which an item is sold.Profit: If the selling price is more than the cost price, the difference between them is the profit incurred. Selling Price (SP) > Cost Price (CP) → ProfitLoss: If the selling price is less than the cost price, the difference between them is the loss incurred. Selling Price (SP) < Cost Price (CP) → Loss
How to calculate Mark up opportunity cost?
For Retail Price question....If Retail price is 12,995. Markup % is 12. what was the wholesale price?
The difference between price and average variable cost is defined as?
Profit contribution
What is the difference between the initial price of 55000 and the final cost of 29999?
25001
How much does it cost to buy a dodge nitro?
The Manufacturer's Suggested Retail Price for a 2011 Dodge Nitro is $22,245 - $28,995. The price difference is based on the additional features selected.
