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Find a basic dress/shirt pattern online. For this exercise, choose a simple design that you could add elements to.
You will now create a price list for a cheap, moderate, and expensive version of this pattern.
For each version:
Find material and notions online and make a price list of what you would need. After each item price add the url and a picture.
Write a summary of how you chose the items for the outfit.
Cheap version: Look at the sales pages to keep the costs down!
Moderate version: Use nicer fabric, add nicer buttons, or change the pattern to be longer.
Expensive version: The sky’s the limit! Be creative; make it as ooh la la as possible!
When you have priced out three different versions, write a paragraph that explains which you would choose to mass-produce the dress/shirt for a wide market. Explain why you feel that the dress would sell, where you would sell it and suggest a price. (Remember to add labor costs and profit into your price!)
Calculating suggested retail price:
Labor = 30% of cost of materials
Profit = 20%
Labor = $15 (50x.30)
Profit= $13 (65x.20)
Retail price= $78