what does wholesale value mean?
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So if someone sells you something at wholesale value, it’s usually a very good deal and cheaper than you would get anywhere else. Even when stores have sales, they usually don’t go down to the wholesale price because they would make no profit. It’s sort of like buying food products in bulk (a small pack of chicken is $5 a pound, but a big pack is $2 a pound), but generally a better deal.
The manufacturer makes the product and sells at the “Manufacturer’s Price to a distributor
the distributor moves the product to the wholesaler, adding shipping costs.
The wholesaler is the one the retail store contacts when they want a product. He will charge whatever price he has paid for the product + some profit. That is the Wholesale Price.
From the wholesaler, the product is again shipped, this time to the retail store that ordered the product. The Retail Price
reflects both the cost of the shipping, cost of the product, cost of keeping the store open ($X per day) plus a little profit.
Often the retail price is determined by adding a percentage to the amount the retail store has paid the wholesaler.
-MM
noun, adjective, adverb, verb, -saled, -sal·ing.
–noun 1. the sale of goods in quantity, as to retailers or jobbers, for resale (opposed to retail).
–adjective 2. of, pertaining to, or engaged in sale by wholesale.
3. extensive; broadly indiscriminate: wholesale discharge of workers.
–adverb 4. in a wholesale way; on wholesale terms: I can get it for you wholesale.
5. in large quantities; on a large scale, esp. without discrimination: Wild horses were slaughtered wholesale.
–verb (used with object), verb (used without object) 6. to sell by wholesale.
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[Origin: 1375–1425; late ME, from the phrase by hole sale in gross; see whole, sale]
—Related forms
wholesaler, noun
When something is sold at wholesale, it’s usually sold in a higher quantity at a lower price because it’s intended to be re-sold by a retailer (so that he can mark it up for his own profit).
Being the wholesaler, in this case a wholesale clothing business owner, you’re charged with .
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