[Jewelry making - Article 00570] - [Orchid] Pricing multiples

[Keith Elliot]

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    Hi, I was given some rules of thumb by a friend. Do you think any of
    them make sense ? 

    Retail Price =  { 5-6 times x (cost of materials)} + other costs (eg
    assay cost etc) 

    Wholesale Price (ie sale or return price) = 50% retail price 

    Direct sale (ie my own website or ebay) = 75-90% retail price 

    AND like for like  a gold item sells for 5-6 times  a silver item 

    (cant believe the last one is consistent with material cost
    multiples.. but there you go!) 

Keith

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