selling price wholesale to a store is $210.00. The store will now mark the price up 100% or one keystone. A keystone is the retail jewelers price code for one mark up.
This brings up a question I’m not totally clear on; Can someone
please tell me exactly what the formula for triple keystone
pricing is and when it is used? The above post states that the
gallery retail 100% markup is 1 keystone, so what’s 2? I
purchased a catalog from Rio Grande about 5 years ago that listed
everything in triple keystone. This was supposedly to show
customers. The prices seemed outrageously high and there was no
explanation as to how they were formulated.
I usually set my prices and know the galleries will double them,
when doing retail shows I double my set price. Am I missing