My Satchel - The Finished Product

Hey Guys,

I finished my satchel! It took a while but it looks great (a picture is included below)! I have made 2 pricing charts. The first one is how much money it took to produce the bag using the fabrics I created while also giving myself an hourly wage.

My Signature Bag with My Fabric #1

A yard and a half of base fabric which will be painted with stripes	$7.50
A yard of my liner fabric	$5.00
.125 yard of strap fabric	$3.75
1 magnetic snap	$1.50
4.5 hours @ $10 an hour	$45.00
Total production cost	$62.75
20% profit	$12.55
Total cost plus profit	$75.30
Estimated retail price	$79.95

 The second pricing chart is how I could get my production cost down by buying my fabrics and supplies in bulk and lowering my number of work hours.

My Signature Bag with My Fabric #2

A yard and a half of base fabric which will be painted with stripes	$3.36
A yard of my liner fabric	$2.31
.125 yard of strap fabric	$1.75
1 magnetic snap	24 cents
1.5 hours @ $10 an hour	$15.00
Total production cost	$22.66
20% profit	$4.53
Total cost plus profit	$27.19
Estimated retail price	$79.95

As you can see, I can sell my bag for $79.95 and make it for $27.19. These are great margins and if I did sell my bag to stores it would allow them to make markdowns without cutting down on my profitability. 😄

~ Zaya

*With my bag I decided to not add snaps to my pockets because it was not needed.