Buying at "wholesale" is usually interpreted as buying products from a company or entity at a lower price
than what everyone else pays.
For example: A television that is purchased by a retail merchant such as "Best Buy" from a manufacturer
like "Sony" has purchased the product at a wholesale price.
The merchant's intent is to sell the product at an increased price referred to as "Retail" to the public.
The difference from their wholesale price and the retail price is called the gross profit.
than what everyone else pays.
For example: A television that is purchased by a retail merchant such as "Best Buy" from a manufacturer
like "Sony" has purchased the product at a wholesale price.
The merchant's intent is to sell the product at an increased price referred to as "Retail" to the public.
The difference from their wholesale price and the retail price is called the gross profit.
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