Is this business acting illegally?

AdrianC

earthstorm wrote: »

example is i recently purchased some toys ready for the xmas from one of my wholesalers it cost me £6.99+VAT (£8.39) but they state a RRP of £8.49. so if i was to sell at RRP i would be making a lose.

That RRP of £8.49 inc VAT is equal to £7.07+VAT.

The problem seems to be that you bought at a price which is too high for you to resell profitably. I presume you were aware of the RRP and the wholesaler's price before you bought?

earthstorm

AdrianC wrote: »

That RRP of £8.49 inc VAT is equal to £7.07+VAT.

The problem seems to be that you bought at a price which is too high for you to resell profitably. I presume you were aware of the RRP and the wholesaler's price before you bought?

Yes fully aware of RRP price. I never use the RRP. at the same wholesalers i have seen them state the RRP less that the wholesale Price + VAT.

the same issue happens at a lot of wholesalers these days.

it is sometimes cheaper going to discount stores on the high street rather than wholesalers.
example diecast cars+trailer come in boxes of 8 and wholesale from £25+ VAT, yet i can go to poundland and get the exact car/trailer at £1 which means rather than having to sell at £5 I can sell at £2.50