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Economics How would a tradesperson calculate a quote for a consumer? Watch

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    How would a tradesperson calculate a quote for a consumer?
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    (Original post by Jashan0Singh)
    How would a tradesperson calculate a quote for a consumer?
    Generally, they will work out their costs and add a bit on for profit.

    If you're writing a long answer question on this you might want to write about how they figure out their costs - they've obviously got wages and materials etc for the time spent on this job, but you might also want to consider that they might not get the next job straight away, so might have to cover wages and rent for the next day/week/month.

    You might also want to consider how they work out the profit. Do they charge a set percentage on top? This might be fairest, but if the job comes to £50 they're getting £5 which is a bit rubbish. But they're not going to get the job if they charge too much, as the customers will go elsewhere.
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    (Original post by Juno)
    Generally, they will work out their costs and add a bit on for profit.

    If you're writing a long answer question on this you might want to write about how they figure out their costs - they've obviously got wages and materials etc for the time spent on this job, but you might also want to consider that they might not get the next job straight away, so might have to cover wages and rent for the next day/week/month.

    You might also want to consider how they work out the profit. Do they charge a set percentage on top? This might be fairest, but if the job comes to £50 they're getting £5 which is a bit rubbish. But they're not going to get the job if they charge too much, as the customers will go elsewhere.
    Thanks dude
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    (Original post by Jashan0Singh)
    Thanks dude
    You might also want to talk about seasonal variation - for example, a gardener might be able to charge more in spring as everyone wants their garden done (increased demand) ready for summer.
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    (Original post by Juno)
    You might also want to talk about seasonal variation - for example, a gardener might be able to charge more in spring as everyone wants their garden done (increased demand) ready for summer.
    ah yes thanks for giving me the idea!
 
 
 
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