Simple cakes tend to be more hassle than they are worth because people moan about the price..
To give some Insight into a formula many bakers will use. (Well many of the ones I know)
Each baker had a certain % the charge for profit
Hours needed @ hourly rate (includes planning prep such as weighing mixing, baking/hours in oven, decorating.) + cost of making (Costs of making usually include everything: ingredients, decorations, boards, boxes, ribbons – the lot. + utilities (inc insurances) = cost of cake
Cost of cake X (bakers own here) % = profit
Cost of cake x profit = price of cake
For example I charge £ 20 an hour
And my profit is 30%
Utilities depend on size of cake a single cake I usually charge £5 a tiered cake I'll charge 10-15
Last month I made a 4 tier ombre teal and gold wedding cake... nothing fancy quite plain.. a few details each tier was a different but simple flavour
And it cost me £148 to buy the ingredients and 24 hours to make.
So that cake was worked out like this
24h @£20 + £148 + £15 = £643
£643.00 × 30% = £192.90
£643.00 + £192.90 = £835.90
When I get to my unit tomorrow I'll try and upload a picture I need to get it off the camera first though