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Wholesale Margin Calculator

Calculate wholesale and retail gross margins and keystone markup percentages

Wholesale and retail margins represent the markups applied at each stage of the supply chain. Manufacturers sell to wholesalers; wholesalers sell to retailers; retailers add their margin.

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Tip: Direct-to-consumer (DTC) channels allow brands to capture the retailer margin directly - Warby Parker and Allbirds built $1B+ companies this way.

Fun Fact

The keystone pricing rule (retail = 2x wholesale) dates from traditional retail. With e-commerce, margins have compressed as brands sell direct-to-consumer.

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