My bag design is an evening envelope clutch. Below is my production costs based on the fabrics selected. A quarter of a yard of fabric will be needed for the clutch. I multiplied the total cost plus profit by two in order to come up with the suggested retail price in order to cover the cost of production when selling to wholesalers in addition to packaging the product.
.25 of fabric (18.85) $4.71
.5 hours labor @ 9 $4.50
Total Production Cost $9.21
Profit at 30% $2.76
Total cost plus profit $11.97
Estimated retail price $25.00
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.25 of fabric (34.95) $8.74
.5 hours labor @ 9 $4.50
Total Production Cost $13.24
Profit at 30% $3.97
Total cost plus profit $17. 21
Estimated retail price $35.00
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.25 of fabric (24.95) $6.24
.5 hours labor @ 9 $4.50
Total Production Cost $10.74
Profit at 30% $3.22
Total cost plus profit $13.96
Estimated retail price $30.00
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