I everyone I have given my first quote with new pricing today. 

I realized yesterday after reading a ton of post on Cake Central that I have been way undercharging!!  here are two cakes I did, both for $75.00 each, such a mistake!!  Hopefully I am on the right track with pricing. The Left cake I will not do again for less than $150.00 and the right I will not make for less than $90.00  What do you all think?

My base cost before per serving is 20.00. plus 3.50 per serving, I am near princeton, nj

I base any fondant cake I do at 125 and go up from there accordingly.  I purchased cake boss software and it really helped my pricing.  But I would probably charge around 175-200 for the one up top and 125 for the one on bottom.  BTW both are beautiful :)

Stephanie

thanks for the info. I just used an excel workbook for the first time yesterday and was shocked that my fav scratch Vanilla recipe is over $5.00 per batch!!! Thank you for price estimates, that will really help me! And I may splurge on cake boss software soon!!

I am still trying to figure out my pricing as well. I know i am under pricing but i dont know the average for my area :(

LWarmke, this isn't regarding your question, just a suggestion.  You have very lovely cakes.  I would suggest that you take a really nice photo of each cake to show them off to their best.  Not in the fridge or in a box but in stead use a neutral or complementary background, no clutter, good lighting.  It will really help build a portfolio of what you have done.  If you do a search there are a lot of threads on photographing cakes.

Thank you denetteb!! I have been realizing while I have a great camera I have not been taking the time to get a great photograph. Now I will :)