A. Markup is simple. Repairs should compete in profit with product
sales. If your average repair sale is $45, what would the markup be
on a $45 piece of jewelry? Then markup the repair the same amount.
B. Repairs have an inherit problem with comebacks, losses and
breakage and you need to charge the customer for that. Therefore
repairs should have the same markup as product (see #A) PLSU one more
time. So if you markup a $45 2.5 times, repairs should be marked up
C. if you don’t find a good trade shop I’d recommend:
4122 Olympic Blvd
Erlander KY 41018
These people have over 80 jewelers, turn around in a few days and
from what I’ve heard are very good. And knowing their prices you can
get almost a 4 time markup from my price book with them.
Is it worth it? Absolutely. The only darw back is sending it out fo
some custoerms but with fast service you’re OK.