MADDE ITquotientMADDE ITquotient| Material | Quantity | Unit price | Cost | |
|---|---|---|---|---|
| $72.00 / sheet | $144.00 | |||
| $18.00 / set | $18.00 | |||
| $6.00 / metre | $36.00 | |||
| $15.00 / piece | $15.00 | |||
| $4.50 / metre | $9.00 |
Cost to build is worked out from these. To change it, change the materials or quantities (or the price in the library).
Margin means profit is 45% of the selling price. Selling price = cost $337.00 ÷ (1 − 45%) = $612.73. Profit $275.73 is 45% of $612.73 (81.8% of the cost).
The price follows the cost: if a material price changes, the selling price moves to keep this profit.