How the price is built
Every handmade price starts from what one piece costs you to make. List the materials and packaging that go into it, then your making time at the hourly rate you want to earn, then a share of the monthly overheads you pay whatever you sell. Making a batch? Enter the materials and time for the whole batch and how many items it makes.
Cost = materials + labour + overhead share
Wholesale = cost × (1 + profit %)
Retail = wholesale × multiplier
Profit is what the business keeps on top of your wages: money for new tools, slow months and growth. The retail multiplier is usually 2, known as keystone pricing: a shop that buys at your wholesale price sells at about double. Charge that same retail price when you sell direct, so you never undercut the shops that stock you.
A widely quoted shortcut, from Starting an Etsy Business For Dummies, is wholesale = (materials + labour + overhead) × 2 and retail = wholesale × 2, plus shipping. It builds in a 100% markup on cost; the line under the result shows what it gives for your numbers.