How to Use This Calculator
Enter the total cost of materials used to make the item, the value of the time spent making it, and any additional overhead costs such as packaging or selling fees. Then enter the profit margin you would like to add. The calculator will estimate a suggested selling price for your handmade product.
What This Price Includes
The suggested price includes:
- material costs
- labor costs
- business overhead
- your desired profit margin
This helps ensure your handmade items are priced in a way that covers expenses and supports your business.
Example Calculation
Example:
Materials: $11
Labor: $30
Overhead: $4
Profit Margin: 30%
Total cost = $45
Suggested price = $58.50