How to work out profit?

[DamianBlades]

Hi, how do you go out about working out profit? We are going to open up a cafe soon and need to know how to price things. Is there away to work how much things can be sold for?

I thought the calculation would go

product = x
Worker rate for an hour = x

add the two together then divide how many products you can turn around within the hour then add profit on top? Or am I thinking about it kack handily if not wrong?

[DamianBlades]

TooLateForAName said:

Enough of this waffle!


Will there be pasties?

Cheers guys for the advise, currently trying to digest through it all.

Yes my good sir!!! and there will be discounts for you fine gentlemen of PH on pies