The real question that's been eating me up has been. How much should I markup products. I took a seminar that said you should mark up approximately 40% and that just doesn't sit right with me. Does anybody else have a recommendation?
I markup my materials at about 30% - mainly to cover the cost of research, travel, and the risk of unknown circumstances when I get onsite.
I mark up (now on some items still working it out) 25%. So that covers the cost of sales tax and then what I need to cover our fixed monthly overhead. So when I took our fixed monthly expenses then ratioed that out with how much we spent on supplies that is the number i ended up at.
