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What is the industry standard for foodcost on products to be sold as wholesale?
Wiki User
∙ 14y ago
This may not be the answer you are seeking - maybe too simple. But as far as I know the there's no industry standard. Businesses sell to grocers (as well as all other types of stores/products), then the grocers mark up the prices in order to make a profit when they resell items to the public. The grocers buy at wholesale prices - that is, the price of buying directly from the business/factory that makes the product. After markup prices are called retail prices. So, wholesale prices are simply the cost of buying directly from the manufacturer, thus these prices can vary, as Del Monte wont likely charge the same exact prices that Dole's will, for example. So anyone claiming to sell to you at wholesale prices is saying no markup for profit has been added - either you're buying directly from the maker of the product, or someone is selling you items for no profit. Or someone is exaggerating and they have marked up the product cost, and claiming their marked-up price is as cheap as if you purchased directly from the product maker, which it probably is not, or else its damaged and they got it much cheaper than the norm.
The only way to check for sure is to know the name of the company that makes the product and look them up to see what they charge.
Wiki User
∙ 14y ago
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