I am having a hard time figuring out how to price my work. I try to keep prices down by using bulk pre made products from Sam's Club but I find that I sometimes eat alot of the cost. Advise greatly appreciated!

many threads on this in the business forum

here are two from just a few days back that have lots of info.

http://www.cakecentral.com/cake-decorating-ftopict-688225-.html

http://www.cakecentral.com/cake-decorating-ftopict-689487-.html

no way to tell you if you'll make a profit based on just the monthly rent.

there is SO MUCH MORE to consider.

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I charge per slice - its different for buttercream, fondant and per cupcake.
I also charge extra for gumpaste flowers or designs/figures.

Cake boss
http://www.cakeboss.com/PricingGuideline.aspx

Cake serving chart
www.earlenescakes.com/ckserchart.htm