I’m starting to offer more of my products for wholesale and it got me thinking about what is a “good” profit margin or if there is a rough industry standard.
RRP: $14.55 (excl. GST) / $16 incl. GST
Cost of Purchase goods: $3.91
Wholesale discount: 40%
Wholesale price: $8.73
Gross Profit: $4.82
Gross Profit Margin:…[Read more]