So you're selling for 490 Euros a pair of shoes that is sold by the manufacturer (or a reseller maybe) with ~ 50 euros?
Nearly 1000% margin, you're not messing around, aren't you?
Not quite , it costs more to make those shoes then 50 euros .
Price of 1m2 of leather is around 25 euros + 19% VAT
Include company administration costs
Workers cost
Utilities / Taxes / rent etc etc
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After that let's say your in
Cook Islands and if you order the product :
There is handling cost / packaging / shipping costs etc
If you want to buy cheaper , close to producer price you got to order 50 / 100 / 1000 pairs etc ... but that's import / export area ...
Leather is a luxury good like diamonds / gold / silver etc it's for people that understand quality and elegance.
Visit John Lobb / Testoni websites so you understand what you are buying.