* Item: Tote Bag - TB003
* Handbag size: 36.5 x 29.5 x 13.5 cm
* Pricing may vary according to: material, style, dimension, quality, ink coverage and method, order quantity (more bulk savings for higher quantities), and more custom options.
* Item: Shoulder Bag - SB010
* Handbag size: 22 x 14 x 7 cm
* Pricing may vary according to: material, style, dimension, quality, ink coverage and method, order quantity (more bulk savings for higher quantities), and more custom options.
The difference between wholesale prices and retail prices can vary greatly, depending on the product and the market. In general, wholesale prices are lower than retail prices by at least 10%. However, in some cases, the difference can be much greater.
For example, if a product has a retail price of $100, the wholesale price might be $70. This means the retailer is making a 30% profit on the sale of the product.
To calculate wholesale prices, you'll need to add the desired profit margin to the cost of the product.
The cost of the product is the amount it costs to produce or purchase the product. The desired profit margin is the percentage of the sale price that the supplier will keep as profit.
For example, let's say your supplier has a product that costs $10 to produce and wants to keep a 20% profit margin. To calculate the wholesale price, they add 20% to $10 to get $12.
To calculate the recommended retail price, start by adding the desired profit margin to the wholesale price. Then, add the desired markup to this total. The resulting number is the recommended retail price.
For example, let's say you have a product with a wholesale price of $18. You want to keep a 20% profit margin, and you want to add a 50% markup. To calculate the recommended retail price, start by adding 20% to $18 to get $21.60. Then, add 50% of $21.60 to get $32.40. The recommended retail price of the product is $32.40.
