Profit Margin Calculation

[git-union[bot]]

Profit Margin Calculation

As a freelancer, I want to have a calculator that helps me determine how much to charge for my services by taking into account market rates, region, scope of work, competence levels, and budget, so that I can maintain a profitable and competitive pricing strategy.

Acceptance Criteria

• [ ] Freelancer can input market rates for the services offered.
• [ ] Freelancer can select their region or input specific regional factors that might affect pricing.
• [ ] Freelancer can describe the scope of work to determine the effort involved.
• [ ] Freelancer can input their competence level (e.g., beginner, intermediate, expert) to adjust suggested rates.
• [ ] Freelancer can input their desired profit margin percentage.
• [ ] Calculator presents a suggested price to charge, factoring in all inputs.
• [ ] Calculator allows for adjustment of the suggested price with a real-time update of the profit margin.
• [ ] Calculator provides a breakdown of costs vs. profit.

  sequenceDiagram
  participant Freelancer
  participant Calculator
  Freelancer->>Calculator: Input details (market rates, region, work scope, competence level, budget)
  Calculator->>Calculator: Calculate suggested price
  Calculator->>Freelancer: Display suggested price and margin breakdown