wow, $2 seems not worth the effort to buy the yarn, make it and sell it.showperson said:It is hard to recover even the cost of the yarn for dishcloths in my area. We buy the yarn on sale and charge $2.00. If you fold the dishcloth and ties with a small piece of yarn, they seem to sell better. It's all in the presentation.
but then are you seriously going to pay $25.00 for a wash cloth!!!clickerMLL said:You should absolutely get back the cost of the yarn. As for your time, that is up to you. Personally, I always estimate the time involved in doing the work, and multiply it by twice the going legal minimum wage.
Where do you buy sugar and cream that high. It is like $1.47 at Walmart and my store has at least 30 different colors at all times usuallyCathy B said:I do knit for a living and there are 2 known methods to calculate what to charge. The one standard is to charge 3 times the cost of materials (@ $1.50 x 3 = $.4.50 divided by 2 per skein you should charge 2.25) However you need to take into account that you may not always get your yarn on sale. So I always change based on the full price of the yarn. In this case, using sugar & cream yarn @ 2.50, I would charge $3.75.
The second method, used to pay sample knitters, is to charge between .10 (easy) -.15(lace or cables) cents per yard. If you take the yardage on the ball band divided by 2 then multiply by .10, if you are using sugar & cream this would be 60yrds x .10 = $6.00. Still not minimum wage!