gourmetdelights
Posted 15 Feb 2007 , 6:14pm
post #1 of 2
Recently viewed a pricing matrix. What is the markup all about? Is it an extra percentage that you charge in addition to raw materials and how do you arrive at your hourly rate??
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reply
Sugarflowers
Posted 16 Feb 2007 , 5:41am
post #2 of 2
The mark up covers your cost, plus trying to make sure you make some money on the cake. Most retailers mark their items up 300%, so what cost them $10 now costs us $30. This is for profit and overhead.
I hope this answers your question. If not, let me know and I'll try again.
Michele
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