BUISENESS MANAGEMENT
MERCHANDISING
Question
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Extended


Initial


Keystone


Maintained

Detailed explanation1: A keystone markup is when the markup equals the cost of the item you are selling. Essentially, you’re selling the product for twice what you paid for it.
Detailed explanation2: Keystone pricing: a simple markup formula Keystone pricing is a product pricing strategy retailers use as an easy rule of thumb. Essentially, it’s when a retailer determines a retail price by simply doubling the wholesale cost they paid for a product to set a healthy profit margin.
Detailed explanation3: If a = b, then a + c = b + c. Multiplicative Property of Equality: If a = b, then a · c = b · c.
Detailed explanation4: KEYSTONE PRICINGWHAT IS IT? Keystone Pricing Strategy essentially means doubling the wholesale price at which you bought the products from a Brand or Manufacturer. From one point of view, it means a 100% markup and from another a 50% profit margin.
Detailed explanation5: The concept of keystone pricing popularly known today originated far back as 1896 from jewelry trade. It started from a Keystone magazine, a predecessor of Jewelers; CircularKeystone, after subscribers had complained about the showing of dealer costs in a publication that customers might see on jeweler’s counters.