Definition of Wholesale price:
The cost of a good sold by a wholesaler. The wholesaler will usually charge a price somewhat higher than he or she paid to the producer, and the retailer who purchases the goods from the wholesaler will increase the price again when they sell the good in their store.
How to use Wholesale price in a sentence?
- When companies order merchandise from their supplier they pay the wholesale price which is cheaper than what they will resell it for.
- Because Tom knew the owner of the car dealership, he was able to pay the wholesale price rather than retail for his new car.
- You need to know what the wholesale price of any materials are so that you can figure out how much to charge for your product.
Meaning of Wholesale price & Wholesale price Definition