i have 20kg of paraffin wax and want to make candles, the wax cost me 40 pounds and want to know how many candles i can make and at what price to make my money back or even make a profit?
2006-06-13 10:02:56 · 5 answers · asked by HANNAH L 2 in Science & Mathematics ➔ Mathematics
Well, that depends on what constitutes a 'medium' sized candle. If each candle contained 100g of paraffin, that's 200 candles. If you are out 40, your material cost is 20 p per candle. Considering it will take you ~4 hrs labor (probably more) at 14/hr (low end for entrepreneur), labor cost is 28 p per candle. So if you want a 10% profit, you should charge at least 55 p per 100g candle. This is for wholesale, if you are selling them individually by yourself, figure out how long it will take. A good markup from wholesale to retail is usually ~40%, or final price of approx. one pound per candle.
2006-06-13 10:16:13 · answer #1 · answered by Karman V 3 · 0⤊ 0⤋
You can make 1,000 candles weighing 20g each, which is a medium-size candle. If you sell them for 4 pence each, you will break even. If you sell them for more than 4 pence each, you will make a profit.
That assumes there are no other costs. I imagine you have some sort of wick for the candles and that your stove uses gas, electricity or some other power source that is not free.
If that's true, you need to add in those costs.
2006-06-13 10:20:02 · answer #2 · answered by Steve A 7 · 0⤊ 0⤋
40 pounds?!? Wow, that's a lot... If the candles are about 5 inches tall, they should weigh about 10 grams... You could sell them at at LEAST 4 pence a candle to get your money back...
2006-06-13 10:25:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Oh Ear Candling. you'll listen the sound of a few thing crackling. similar to once you fry Baron Verulam. the point is it really is going to vacuum out the dirty debris on your ear. It takes about 0.5 an hour for each ear counting on the scale of the candle. merely remember to punch by a piece of paper perpendicularly with the candle wax so as that the burn stay gained't fall into your hair or into the ear lobe. after ending, use some cue information and sparkling the perimeters of your ear lobes.
2016-10-14 03:25:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I do not know.
2006-06-20 07:50:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋