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Understand the jargons –
Hour – Measurement unit considered in the formula is hours
Cost Per Hour – This value is pre-populated for your ease. However if you already know the rate going on in your area you can fill with that
Business Expenses – All material costs, infrastructure cost, electricity and other bills are broadly put into this category
Markup – This is the profit percentage you can ask for in your work.
We have given a general methodology for pricing your artworks. Many artists follow this however few others price their works based on Artwork dimensions. You can also calculate using our free dimension based formula – Calculator