wholesale and retail prices

tesoke

Senior Member
USA
Persian
Hi, in the following sentence, from a GRE Quantitative test, I cannot understand differences between wholesale and retail prices. Would you please explain how these tow prices are different? Thanks a lot.

Anne pays 150 percent more for a wholesale widget than Bart pays. Anne's retail price per widget is 15 percent greater than the wholesale price she paid. Bart's retail price per widget is 185 percent greater than the wholesale price he paid.
 
  • tesoke

    Senior Member
    USA
    Persian
    Thank you. I know the meaning of dictionary, but I have a different problem. In fact, I cannot understand why, in this question, Anne and Bart are paying both retail and wholesale prices to buy a widget! When we go to a market, we only pay retail price.
     
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