calculator

Quote Profitability Checker

Test a quote you have already written before you send it.

What you get: Cost, gross profit, margin, markup equivalent, effective hourly rate and warnings.

Your figures

Live

Total cost in this quote£1,908.00
Labour £672.00 (24 hrs × £28.00) + overhead £216.00 + materials £900.00 + subcontractors £0.00 + other £120.00.
Gross profit£492.00
Quoted price £2,400.00 − cost £1,908.00.
Gross margin20.5%
Profit as a share of the price you are charging.
Markup on cost25.8%
The same profit expressed against cost. Always higher than the margin figure — they are not interchangeable.
Effective hourly rate£48.50
What each labour hour actually earns once every other cost in the quote is paid.
Price needed for a 25.0% margin£2,544.00
Cost ÷ (1 − 0.25).

To hit your 25.0% target margin this quote would need to be £2,544.00 — £144.00 higher.

How this is worked out

Overhead is applied per labour hour, so a quote with no labour hours will understate cost.
The target-margin price uses cost ÷ (1 − margin), which is the correct margin arithmetic.

Results are planning aids based on figures you enter. They are not financial, tax or legal advice, and no price is guaranteed to be accepted.

Disclosed partner offer

The account or card most trades use for this

A referral reward is not a recommendation. Check the terms and decide on the numbers you have just worked out.

Business bank account

Free business account with invoicing, payment links and expense cards — plus £200 free cash with code REFER200. No credit check, open in about five minutes.

£200 free cash when you open a Tide business account with code REFER200

Referral codeClick to copy

Claim £200 free Read the review

T&Cs apply. £75 free when you complete transactions of £100 within 30 days, and another £125 free when you deposit at least £5,000 in a Tide Instant Saver within 7 days. Affiliate link.

Quote Profitability Checker

Where this fits