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The following formula is used to calculate frame price: -

(Length + (Moulding Width x 8)) x  Waste Factor x Cost x Mark-Up + Min Frame Price.

Prices for all other elements of the frame such as glass, mount etc., are not calculated using a mark-up, instead, the selling price for the given size, 40 x 50cms (16 x 20in), is used in the computation, by simple proportions, of the actual price for each element. The minimum price is added to this (together with a waste adjustment) to produce the final output.



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