This question is about what a product manager does.

How to calculate the selling price of a product

By Kate Swindlehurst - Apr. 25, 2023

To calculate the selling price of the product, you need to calculate all costs associated with the production of the product, and then add in the price of the markup. Be sure to include labor costs and supplies when calculating the cost of your products so you can have an accurate total.

The exact percentage for the markup is not the same for every product or service. It is important to complete market research so you can competitively price your product with an appropriate markup.

How to calculate the selling price of a product

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