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I'm interested in how others might price this work... I have a formula I use for pricing some of my custom wood work from my pre-scrolling days However, now I am being asked to make new custom items from scratch and not sure if my original formula will suffice. My orig. formula is: Material cost + Hourly rate * hours worked = Baseline - then multiplied by ( overhead 1.15 + profit 1.25) (see below for work sheet) I'm using a base Hourly rate of $25 which I think is a fair trade rate I'm currently making a piece that has 12 scrolled cutouts (Small items with names cutout) I'm charging my customer (a good customer and neighbor LOL - they so far purchased $350 worth of custom pieces) $200 as a preferred (neighborly) customer price I'm calculating the whole piece will take me about 6-12 hours total Using my formula and 12 hours, I come up with a price of $210 for the whole unit with Profit and $193 with just overhead Does this make sense from a pricing perspective to anyone or is it me that thinks $200 is justified for both a good customer and neighbor? It seems a bit high for a good customer and neighbor since my baseline is about $168. And yes, they are good neighbors Thoughts? Thanks as always in advance Here is my work sheet Materials Qty Cost Hours Baseline Baseline + Overhead (1.15) Baseline + Overhead + Profit (1.25) Pattern 0 $ 3.00 $ - Poplar 1 $ 30.00 $ 1.88 Paper/Ink/ 1 $ 0.20 $ 0.20 12" x 36; Duck Shelf Liner 1 $ 16.31 $ 0.45 Adhesive/Oil/Shellac 1 $ 7.98 $ 0.50 Total $ 3.03 12 $ 168.16 $ 193.38 $ 210.20