What is a wholesale price?

Wholesale price refers to the price at which goods or services are sold in bulk quantities to retailers, distributors, or other businesses. This price is typically lower than the retail price, as it is intended for buyers who are purchasing large quantities of the product.

Wholesalers often negotiate prices with manufacturers or suppliers to secure products at a discounted rate. They then sell these products to retailers at a slightly higher price to make a profit.

Wholesale prices are important for businesses that rely on selling products in large quantities, as they can help reduce costs and increase profit margins. Additionally, wholesale pricing can also help businesses stay competitive in the market by offering lower prices to customers.