What you're pricing
Materials
Labour
Use what each hour really costs you (wages plus about 20% for payroll costs), not what you charge.
Extras
Pricing
Price to quote
Before tax
$0
$0your total cost
$0profit
0%profit margin
Markup vs margin: a 25% markup on $1,000 is a $1,250 price, which is a 20% profit margin. Saved on this device.
Get the most from it
Know your real hourly cost
Wages plus CPP, EI, WSIB and vacation pay is usually 20-30% more than the wage.
Don't forget overhead
Your truck, insurance, phone, software and tools cost money every day. 10-20% is common.
Markup isn't margin
To keep 20% of the price as profit, you need a 25% markup. This calculator shows both.
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