What does the wholesale price really mean?

Karim Shibl RJ: karim shibl CO: hamdy Post Rating: 0 + / - Total Posts: 62 Karma: 64 Joined: Feb 8, 2012	Posted on Feb 20, 2012 What does the wholesale price really mean?
Scott (Admin) RJ: Ratan Joyce CO: Ratan Joyce Post Rating: 4 + / - Total Posts: 1175 Karma: 5083 Joined: Jan 13, 2012	Posted on Feb 20, 2012 (Last edited on Feb 20, 2012) Good question... probably means the price it should be sold at if I decide to lower the price_multiplier to 1.0, and get rid of export and import markets. Good thing is that's probably not gonna happen. Bad thing is I don't know what to do with that price either, probably just rename it as... base price? If I remembered correctly, what I heard from my econ course pretty much goes like this: Production cost = (raw material cost + labor cost) * 2 Wholesale price = production cost * 2 Retail price = wholesale price * 2 Even then the profit margin is rarely above 20%, because of overhead.
Karim Shibl RJ: karim shibl CO: hamdy Post Rating: 0 + / - Total Posts: 62 Karma: 64 Joined: Feb 8, 2012	Posted on Feb 20, 2012 thnx

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