MidwestLandlord
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- Dec 6, 2016
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Can someone please help me to understand the pricing mark up of my product, sorry to sound silly but I get confused as to how to work out the mark up to sell to department stores whilst still making a profit
for example say my product cost £4.00 to make
I sell it on my website for £9.99
how much would I sell it to department stores to still make a profit?
50% is roughly the golden number for retailers.
So if your MSRP is $9.99, they would expect to get it for about $5