Incorporate Profit and Overhead into Pricing

What happens here

After calculating the material and labor costs, the next crucial step is to incorporate profit and overhead. The combined material and labor cost for vinyl edging is $1.00 (material) + $2.16 (labor) = $3.16 per lineal foot. The presenter recommends adding a minimum of 10% for profit and overhead. Multiplying the subtotal ($3.16) by 10% yields approximately $0.31. Adding this profit/overhead margin to the subtotal ($3.16 + $0.31) results in $3.47 per lineal foot. For consistency and ease of use, this final figure is rounded up to $3.50 per lineal foot for vinyl edging, encompassing materials, labor, profit, and overhead.

Goal: Establish a final per-lineal-foot price that includes profit and overhead for vinyl edging