Justify the following statement:Retail prices are higher than wholesal – InterviewSolution

InterviewSolution

1.

Justify the following statement:Retail prices are higher than wholesale prices.

Answer»

1. Retail price are always higher than wholesale price.

2. Retailer purchases goods from wholesaler then he adds his profit and finally he sells it to-the customers.

3. Thus, retail price is higher than wholesale price.

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