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It represents the profit margin of the retailer. Without that the retailer could not remain in business.

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Q: What is the purpose of a markup from the wholesale price?
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Related questions

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.


A toy store's markup rate is 28 percent of the wholesale price What is the retail price of a toy that has a wholesale price of 8?

simply multiply the wholesale price by the percentage markup (in this case 28%) to get the answer, for example: 8 x 0.28= 2.24 then add the answer to the original price 8 + 2.24= 10.24


Wholesale price 23 markup 18 percent what is the new price?

The new price is 27.14


What is w the p of 100 a w?

The price of a with a 100% markup from the wholesale price would be twice the wholesale price. So, the price of w would be 200 a.


A bookstore markup for a textbook is 40 percent what is the wholesale price for a textbook that sells for50.75?

The markup is 40%, so the bookstore sells the textbook at 140% of the wholesale price. To find the wholesale price, you divide the selling price by 1.40 (1 + 40%). Therefore, the wholesale price for the textbook is $36.25.


If you brought something at wholesale price for 1.50 and sold this item for 20 what would the markup price be?

It is $18.50.


Wholesale price is 80 and percent of markup is 95 percent percent percent what is the sale price?

The sale price is $156.00


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?


What is the wholesale price for a item sells for 213.90 at 130 percent markup price?

The formula is: 1.3y = 213.90 Where y = wholesale price. Solving for y: y = 213.90 / 1.3 y = $164.54


what is the answer. A pet store sells a large dog kennel for $98.50. The wholesale cost of the kennel is $63.55. What is the percent of markup Round to the nearest percent.?

To calculate the percent markup, you first need to find the markup amount, which is the selling price minus the wholesale cost: $98.50 - $63.55 = $34.95. Then, divide the markup amount by the wholesale cost and multiply by 100 to get the markup percentage: ($34.95 / $63.55) * 100 ≈ 55%. Therefore, the percent markup for the dog kennel is approximately 55%.


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.


What is the difference between SRP and wholesale price a health food store pays say GNC?

Wholesale price is the price paid when buying on bulk. Usually a discounted prices. Srp is the suggested retail price or the markup suggested by the supplier or manufacturer.