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Cigarette Profit Margins
| Allocation Price per pack (RMB/pack) | Between Allocation Price and Wholesale Price | Between Wholesale Price and Retail Price |
|---|---|---|
| [14.6, +∞) | 34% | 15% |
| [10, 14.6) | 29% | 15% |
| [5, 10) | 25% | 15% |
| [3, 5) | 25% | 10% |
| [1.65, 3) | 20% | 10% |
| (0, 1.65) | 15% | 10% |
Source: Notice of Adjusting Cigarettes Allocation Price (2009, No. 180) by STMA4
