Question:

What price should it sell for to make a reasonable profit??
If I make a product that costs me £96 to make, what price is a reasonable price to sell this product in order to make profit. If it helps, the product is a table marketed for clubs and fashionable restaurants. Thank you!

Answers:

A-Best: calculate the transportation and overheads and the total cost of manufacturing should retail at 70-80% more.If it is a unique, custom made items it could increase by 150%. Retailing is when the customer feels he has paid the best price.Remember if you need repeat orders you need to maintain a good after sales service.Scout around the market for similar products and base your product price on competetion you have.  

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