What is the markup on furniture?
Understand the Problem
The question is asking about the markup applied to furniture, specifically how much the selling price is increased above the cost price. This is typically expressed as a percentage and can vary based on the type of furniture, retailer, and market conditions.
Answer
Between 50% and 100%
The average distributor markup on consumer products such as furniture is between 20% and 30%, while retailer markups often range between 50% and 100%, and in some cases, can go as high as 200% to 400%.
Answer for screen readers
The average distributor markup on consumer products such as furniture is between 20% and 30%, while retailer markups often range between 50% and 100%, and in some cases, can go as high as 200% to 400%.
More Information
Furniture markups can vary significantly based on the retailer's business style, the type of furniture, and the cost structure of the business.
Sources
- How profitable is furniture business? 7 best practices to improve my ... - magestore.com
- The profit margin puzzle in furniture: a complete guide - ienhance.co
- Cheat Sheet: Retail Markup on Common Items - Wise Bread - wisebread.com
