Mark-up. Pricing strategy is often one of the hardest parts of running a craft business - once you have made your product, how do you know what to charge for it? And pricing is the process where businesses set the selling price of its products. Price is the value that is put to a product or service. I’ll send it to you in Excel and Google Spreadsheet format. Download your own free Product Pricing Calculator for keeps: I hope you liked this little calculator. Normally the Markup is created by multiplying the product cost by a specific amount. 50%). Once you have the cost price determined, wholesale is typically a 150% mark-up on the cost price. Create your own Custom Price Quote for the products offered through Google Cloud Platform based on number, usage, and power of servers It utilizes five different pricing formulas that are often recommended as pricing advice for makers and shows the results from each formula, side-by-side, so you can compare them. Use the FedEx Shipping Calculator for estimated shipping costs based on details, such as shipment origin, destination, date, packaging, and weight. Views. Use it free whenever you want. Once you have read and understood the examples, you can type the numbers that are relevant to your business into the calculators to see your prices. Free Online Financial Calculators from Free Online Calculator .net and now CalculatorSoup.com. Pricing can feel complicated and confusing. Use the following interactive calculators to help you work out your prices. Also calculate mark up percentage on the product cost and the dollar value of the gross profit. Our eBook introduces online craft sellers to the theories around pricing, in an easy to understand way: giving you the knowledge and confidence to begin planning your strategy. Pricing requires a complex set of strategies, lots of researches and lots of calculations. The Product Markup the difference between the wholesale price and the product cost. Product Cost = $1,000,000 + $350,000 + $38,000; Product Cost = $1,388,000 Therefore, the production cost of the company add up to $1.39 million for the period. Title: How to calculate coded pricing Created Date: 1/7/2014 11:11:52 AM Typically that the markup is at least 2 times the product cost. Free Product Pricing Calculator for Excel 2007 – 2016. admin November 23, 2018. We are here to take the guesswork out of it for you. Almost like a random shot in the dark at times. Calculate the selling price you need to establish in order to acheive a desired gross margin on a known product cost. It is added to the cost of the product in order to cover the costs of doing business and create a profit. Or download your own for free by clicking the image above. Save Saved Removed 0. The pricing calculator uses the cost plus margin pricing method – this is the most popular and commonly used method for pricing products. 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