The pricing calculator uses the cost plus margin pricing method – this is the most popular and commonly used method for pricing products. Once you have the cost price determined, wholesale is typically a 150% mark-up on the cost price. I’ll send it to you in Excel and Google Spreadsheet format. 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. We are here to take the guesswork out of it for you. Pricing requires a complex set of strategies, lots of researches and lots of calculations. Mark-up. Normally the Markup is created by multiplying the product cost by a specific amount. Download your own free Product Pricing Calculator for keeps: I hope you liked this little calculator. Use the FedEx Shipping Calculator for estimated shipping costs based on details, such as shipment origin, destination, date, packaging, and weight. This calculator shows you different methods of pricing your products as well as the wide range of pricing that pricing formulas can construct for a maker biz. Or download your own for free by clicking the image above. Pricing can feel complicated and confusing. Almost like a random shot in the dark at times. Create your own Custom Price Quote for the products offered through Google Cloud Platform based on number, usage, and power of servers Online price calculator. 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. 50%). And pricing is the process where businesses set the selling price of its products. 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? Save Saved Removed 0. Price is the value that is put to a product or service. Use it free whenever you want. It is added to the cost of the product in order to cover the costs of doing business and create a profit. 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. Calculate the selling price you need to establish in order to acheive a desired gross margin on a known product cost. Typically that the markup is at least 2 times the product cost. With the craft pricing calculator […] Free Product Pricing Calculator for Excel 2007 – 2016. admin November 23, 2018. Take the cost price and add the same percentage mark-up to all items (e.g. Views. Title: How to calculate coded pricing Created Date: 1/7/2014 11:11:52 AM One of the hardest things to determine when making the leap into selling items is how much to charge for your products. Use the following interactive calculators to help you work out your prices. 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