- Multiply the wholesaler to retailer purchase price from your invoice by the 8% retailer cost of doing business minimum markup.
- A fractional part of a cent equal to one-tenth of a cent or more in the result of step 1 must be rounded off to the next highest cent.
- Add the result from step 1 to the wholesaler to retailer purchase price.
- The result of step 3 is the minimum price that you may sell to consumers.
Example:
$ 112.00 Purchase price per carton
X .08 Cost of Doing Business markup (8%)*
$ 8.96
$ 112.00 Purchase price per carton
+8.96 Result from step 1
$ 120.96 Minimum retailer to consumer selling price per carton
*Per the Annotated Code of Maryland, Trade Regulation, Sec’s. 11-501 (d)(1) and 11-503 (b)(1)
