List the purchase cost and every expense needed to make the item sale-ready: transport, packaging, payment charges, damage allowance, and any labour. Decide whether delivery is included or charged separately. Then calculate the amount left after variable costs and compare it with the contribution your business needs toward rent, wages, and other fixed expenses.
Use competitor prices as context, not as your only formula. A competitor may have different supplier terms, volumes, or service levels. Review your figures whenever suppliers change prices, exchange rates affect imported stock, or a promotion reduces the selling price. Keep a note of when each price was checked.
If costs are uncertain, test a small quantity and review actual results before expanding. Keep your customer-facing prices organised on a KobStore storefront, and confirm current plan options on the pricing page.
