If it costs $10 to $30 to make jeans per unit, and sell them around $20 to $60, will this cover my costs and create a profit?

Answer 1

It is possible for you to cover your costs and create a profit by selling jeans at those prices, but it will depend on various factors such as the quality of the jeans, the demand for them, and your operating expenses.

If you are able to sell the jeans at the higher end of the price range ($60) and your production costs are at the lower end ($10), you would make a profit of $50 per unit. However, if you are only able to sell them at the lower end of the price range ($20) and your production costs are at the higher end ($30), you would actually be losing money.

It is important to carefully consider all factors involved in setting prices for your product to ensure that you are covering your costs and making a profit. Conducting market research and understanding your target audience can help you determine the best pricing strategy for your jeans.