How much to mark up cost plus work
There are many reasons people decide to run their own business and one of the most important is to make profits. So let’s learn the proper way to work out how to quote for jobs with a specific profit margin. Just like the last blog, it’s easier to follow the process by using an example.
To keep everything clear, we’ll use straight forward maths so the process is easy to follow and you can repeat it in your business.
Let’s say this Business has sales of $100…
|Cost of Sales (Labour, Materials etc.)||$50|
|(For Labour, see previous video/blog.)|
|Overheads (Rent, Phone etc.)||$20|