Example: one 180 g container candle
All prices below are example figures. Use your own supplier prices.
- Wax: 180 g at £8.00/kg = £1.44
- Fragrance oil: 18 g at £30.00/kg = £0.54
- Wick: £0.12
- Jar: £1.10
- Label: £0.15
Materials = £3.35
- Labour: 10 minutes at £15/hour = £2.50
- Packaging: £0.60
- Overheads: £0.40
Total cost = £3.35 + £2.50 + £0.60 + £0.40 = £6.85
From cost to price
With an example selling fee of 10%:
Break-even = £6.85 ÷ 0.90 = £7.61
For a 30% profit margin after fees:
Target price = £6.85 ÷ (1 − 0.10 − 0.30) = £6.85 ÷ 0.60 = £11.42
Check: £11.42 − 10% fee (£1.14) − £6.85 cost = £3.43 profit, which is 30% of £11.42.
CraftMargin converts kilograms to grams for you, so you can enter wax the way you buy it.
Try it with your own numbers in the free CraftMargin calculator. It works without an account.