ok I have my own little matrix on getting my costs, took me weeks but I got it, now how would I make my prices? Im looking to sell cookies, cake balls, and cupcakes right now (future will be cakes and candy too).
Do I set an hourly wage? or a flat rate?
I should add that I will be selling these at a monthly craft show to start my customer base.
(also need help here!! http://cakecentral.com/cake-decorating-ftopicp-6650025.html#6650025)
In culianry school we learned the following pricing formula:
Cost divided by .2 = retail. It makes your ingredients 20% of the retail cost.
"Your mileage may vary."
I like your formula, Leah_s
I think it's actually the RBA (Retail Baking Association) formula. They should know what they're doing!