Assume you have created this bracelet, with material costs amounting to R48. The crafting process took 6 hours, with an hourly wage of R32 and a 120% mark-up.

LEARN

Assume you have created this bracelet, with material costs amounting to R48. The crafting process took 6 hours, with an hourly wage of R32 and a 120% mark-up.

Nela Kahle Art and crafts Apr 29, 2025 0

What will be the selling price of the bracelet?

Let’s work it out step-by-step:

Material cost = R48
Labour cost = 6 hours × R32/hour = R192
Total cost (Material + Labour) = R48 + R192 = R240
Applying a 120% markup:
Markup means adding 120% of the cost to the cost itself:
Selling price = Total cost × (1 + 120/100)
Selling price = R240 × 2.2
Selling price = R528

Final Answer:

The selling price of the bracelet will be R528.

Here’s a simple, reusable formula you can apply:


\text{Selling Price} = (\text{Material Cost} + (\text{Hours Worked} \times \text{Hourly Wage})) \times (1 + \frac{\text{Markup \%}}{100})

In words:

Add the material cost and the total labour cost.
Multiply that total by .

For your example:


\text{Selling Price} = (48 + (6 \times 32)) \times (1 + \frac{120}{100})

= (48 + 192) \times 2.2 ]


= 240 \times 2.2

= 528 ]

#mzansihandmade #nelakahle #nelakahleartandcrafts

Nela Kahle Art and crafts

Website: https://nelakahle.co.za/blog

Nela Kahle Art and Crafts is a business based in Durban, South Africa, focused on community empowerment through art and crafts skills development. They operate as a registered training provider. Here's a breakdown of what they do: * Skills Development: They offer training in various art and craft techniques, with a significant focus on beadwork, as seen in their social media content and YouTube channel. They also provide training in wire weaving and coiling. * Community Empowerment: A core mission is to empower rural communities by providing skills that can lead to economic opportunities. * Product Development: They are involved in creating and potentially distributing art and craft products. Examples include telephone wire recycled baskets and placemats. * Support Services: Beyond training, they offer services like capacity building, coaching, mentoring, warehousing, marketing, and distribution to support the artisans they work with. * Online Presence: Nela Kahle Art and Crafts has a presence on various online platforms, including: * TikTok: Where they share videos showcasing beadwork and other crafts (@nelakahleartandcrafts). * Pinterest: Where they share images of various crafts, tutorials, and aspects of South African art and culture (NelaKahleartcraft). * YouTube: With a channel dedicated to skill development in arts and crafts (Nela Kahle Art And Crafts skill development). * Peek: An online marketplace where they list some of their products (Nela Kahle Art And Craft - Peek). * They also appear to have a website (nelakahleartandcrafts.co.za), although it is currently temporarily unavailable. They also have a catalog available via WhatsApp (Nela Kahle art and crafts). In summary, Nela Kahle Art and Crafts is an organization in South Africa that not only produces and sells art and craft items but also actively trains and supports individuals within communities to develop their artistic skills for economic empowerment. Their focus appears to be strongly rooted in traditional crafts like beadwork and the innovative use of materials like telephone wire.

LEARN OUR CRAFT Trainings

Nela Kahle Art and Crafts