10 Oz Candles
I need help figuring out some math!?
ok so im not good at math. so anyone out there who is, please help. i buy and make Candles, i buy my supplies at wholesale price, is there anyway i can resell my candles at wholesale price too and still make profit? It cost be about $45 for supplies, $6 for 12 4oz jars, $15 for 10 lbs of wax, wicks and scents are about $15. i can make 12 4 oz candles with 1 lb of wax. how much 4 oz candles can i make with 10 lbs of wax? How much can i sell it for and still make profit? how much profit? thanks!!!
$6 for 12 jars = $0.50 / jar
$15 for 10 lb. wax = $1.50 / lb of wax {This is enough for 12 candles, so the wax for each candle is $1.50/12 = $0.125}
{10 lb of wax is enough for 120 candles.
So far, we have $ 0.625 (62 1/2 cents) in each candle.
Now, for the wicks and scents, how many candles can you make with the $15 of wicks and scents?
You’ll need to find out your unit cost for each wick and each scent, then add it to the $ 0.625 to get the cost of one candle.
Once you have your production cost of materials, decide how much your time on each candle is worth, and add that in. Keep in mind, you also have heat costs, etc.
It sounds like this is a hobby and you’re enjoying it, so don’t get too stressed out about crunching the numbers.
Just watch; if you make a lot of money (several thousands of dollars profit) at this, the IRS will want its share.
Candles and Scents! InfinityLine Review
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