HORTICULTURE SCIENCE
FLORICULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The wholesale pricing method is based on the concept that ____ of the retail selling price is made up of the wholesale value of materials being used.
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20%
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40%
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60%
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50%
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Explanation:
Detailed explanation-1: -A good pricing strategy to use for wholesalers is a cost-plus pricing model. The price of the product is set by looking at all the costs for the specific product plus an additional profit margin. This could be 5% but also 50%.
Detailed explanation-2: -The Markup Factor in Wholesale Price and Retail Price Because you need to understand markup factor to understand how exactly you should price. So, markup price can be a determining factor to understand the difference between wholesale price and retail price.
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