Retailers who buy goods wholesale and resell them in stores sometimes keystone, or triple, the cost of goods sold, as a rule of thumb for estimating what price to charge.

Name: Retailers who buy goods wholesale and resell them in stores sometimes keystone, or triple, the cost of goods sold, as a rule of thumb for estimating what price to charge.
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Question

Quizplus · Accepted Answer

Keystoning refers to the practice of doubling the wholesale cost to determine the retail price, not tripling it.

Retailers Who Buy Goods Wholesale and Resell Them in Stores