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The basic formula I use is materials cost plus labour plus overheads plus profit = wholesale price x 2 = retail

materials = kit and blank and box

labour = how much you value your time at x time taken

overheads = workshop costs + consumables (abrasives, finishes etc.) + marketing (labels etc.)

Profit = up to you, I work on 5%

So if the slimline set costs include labour and profit that would make your retail price £29.56 based on my system which is about what I would charge if selling privately, through the gallery I would add on another 20% for their fees making it £35.47.

[QUOTE="Walter, post: 183629, member: 95"] The basic formula I use is materials cost plus labour plus overheads plus profit = wholesale price x 2 = retail materials = kit and blank and box labour = how much you value your time at x time taken overheads = workshop costs + consumables (abrasives, finishes etc.) + marketing (labels etc.) Profit = up to you, I work on 5% So if the slimline set costs include labour and profit that would make your retail price £29.56 based on my system which is about what I would charge if selling privately, through the gallery I would add on another 20% for their fees making it £35.47. [/QUOTE]

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