Enter what a part costs you, your markup and the quantity to get the price to put on the invoice.
Price each$67.20
Total parts price$134.40
Parts profit$50.40
Parts margin37.5%
How it is calculated
- Price each = part cost × (1 + markup ÷ 100)
- Total parts price = price each × quantity
- Parts profit = part cost × markup ÷ 100 × quantity
Worked example
With the starting values shown in the calculator:
- Part cost each: $42.00
- Markup: 60%
- Quantity: 2
- Price each: $67.20
- Total parts price: $134.40
- Parts profit: $50.40
- Parts margin: 37.5%
Using the result
Many shops use a sliding scale, with a higher markup on low-cost parts and a lower markup on expensive ones. Remember that the markup also has to pay for the time spent sourcing the part, stocking it on the truck and covering its warranty.
This calculator gives an estimate for planning. See the calculator disclaimer.
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