SS -- Wholesale Continuing on in the journey of your stuff (backwards). We now know the Consumer (you) Got your Stuff from a Retailer (maybe Target?) But where did they get the stuff?! Where did the Retailer get the stuff to sell to the consumer? They bought it from someone. But they didn't buy it from another retailer. They bought it from a Wholesaler. Wholesale is the selling of stuff in large quantities to be sold in retail. So us consumers might go buy just one t-shirt from the retailer. But the retailer buys a WHOLE bunch of t-shirts from the Wholesaler. And they get it for a lot less money. You and I might pay $40 for a pair of jeans. That is the retail price. (price sold to the public) But the retailer might buy 100 pairs of jeans from the wholesaler At a Wholesale price (cost of buying a lot of jeans). That Wholesale prices is less than the retail price we pay. The retailer might only pay $20 each for 100 pairs of jeans (wholesale) And then sell them to the public for $40 each. That is called a Profit. Profit means they make money. That is their goal. Buying lots of stuff at wholesale, selling to the public at retail Making a profit! $! That's the big idea for today. As review, here is the important vocabulary from today's video: Wholesale is the selling of stuff in large quantities to be sold in retail. Wholesale Price is the price of buying a WHOLE lot of things at once. Profit is the money made $
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