Craft Calculator

These simple online tools take the guesswork out of pricing your handmade crafts by converting your costs and desired markup into a suggested selling price. Whether you’re making jewelry, clothing, home décor, or artwork, accurate calculations help ensure you’re covering your expenses while earning the profit you deserve.

Most professional makers and small business owners rely on calculators like these to price confidently, balance creativity with sustainability, and keep their craft business profitable. Learn how to use this calculator to simplify your pricing and avoid undervaluing your work.

What the Craft Calculator Does

If you’re asking “How much should I sell my craft for?”—you’re in the right place. Just enter your labor cost, material cost, and desired markup percentage. The calculator instantly shows you:

• Suggested Selling Price – what you should charge.
  
• Materials & Labor Costs – your base investment.
  
• Profit & Margin – what you’ll earn after expenses.
  

This makes it easy to find the sweet spot between affordability for customers and profitability for your business.

How It Works (Formula)

Total Cost = Labor Cost + Material Cost

Selling Price = Total Cost × (1 + Markup %)

Profit = Selling Price – Total Cost

Margin % = (Profit ÷ Selling Price) × 100

Example:

• Labor: $10
  
• Materials: $10
  
• Markup: 20%
  
• Selling Price = $20 × 1.2 = $24
  
• Profit = $24 – $20 = $4 (16.67% margin)
  

How to Use the Craft Calculator

1. Enter your labor cost – the time you spend making the item.
   
2. Enter your material cost – supplies, tools, packaging.
   
3. Choose a markup percentage – your target profit margin.
   
4. Review the suggested price – based on your inputs.
   
5. Adjust markup if needed – to stay competitive and profitable.
   

Why Accurate Pricing Matters

• Too low → You risk burnout, undervaluing your skills, and losing money.
  
• Too high → You may price yourself out of the market.
  
• Balanced pricing → Ensures sustainability, covers expenses, and builds customer trust.
  

Reverse Calculation (Optional)

Already have a set price in mind and want to know your margin?

Margin % = (Price – Costs) ÷ Price × 100

Example: Selling at $30 with $20 in costs → Profit = $10, Margin = 33.3%.

Quick Tips

• Add 5–10% extra markup to cover hidden costs like utilities, shipping, or transaction fees.
  
• For custom work, factor in design time and client revisions.
  
• Reevaluate pricing regularly to match market trends and rising costs.
  

FAQ

How do I calculate the right selling price for my craft?

Start by adding your labor and material costs. Then apply a markup percentage (commonly 20–50%) to cover expenses and profit. This ensures you don’t undervalue your work.

What’s a good profit margin for handmade crafts?

Margins vary by niche, but most makers aim for 20–40% profit margins to remain competitive and sustainable.

Should I charge for my time?

Yes, your time and skill are valuable. Always include labor costs in your pricing to ensure you’re compensated fairly.

Can I use this calculator for bulk or wholesale pricing?

Yes. Simply enter the total labor and material costs for the entire batch, then divide by the number of items to get the per-item base cost before applying markup.

How often should I update my pricing?

Review costs and market trends every 6–12 months. Rising supply, shipping, or transaction fees should be factored into updated prices.

How to calculate craft price?

Craft price = (Material Cost + Labor Cost) × (1 + Markup %). This gives you a selling price that covers your expenses and includes your profit margin.

How do I calculate my product cost?

Add all expenses directly related to making the product—materials, labor, packaging, and any overhead costs. This sum is your product cost.

How to calculate selling price per product?

Selling Price = Product Cost ÷ (1 – Desired Profit Margin). For example, if your cost is $20 and you want a 25% margin, divide $20 ÷ (1 – 0.25) = $26.67.

How do I calculate the price per item?

For bulk production, divide your total costs (materials + labor for all items) by the number of units made. This gives you the per-item cost before markup.

How to calculate the buying price of an item?

Buying price (or cost price) is the total amount spent to acquire or produce an item, including materials, labor, and any overhead. It’s the baseline you must cover before adding profit.