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Retail is marked up from the price the wholesaler sold it for to the retailer. The wholesaler usually gets their goods and pricing from the manufacturer which is marked up as well. Retailer buys from wholesaler and sells to customer.
According to the United Nations Statistics Division, wholesale is the resale (sale without transformation) of new and used goods to retailers, to industrial, commercial, institutional or professional users, or to other wholesalers, or involves acting as an agent or broker in buying merchandise for, or selling merchandise to, such persons or ...