The Dominy Family of Long Island New York ran a workshop through 4 generations from the mid 18th century on into the 19th. Their scheme of payment for crafts was 3xs the materials cost. If a Tall Case clock cost $ 50.00 in Materials the Dominy Family would charge $50.00 dollars for the materials, $50.00 for the labor and over head, and $50.00 for the profit. This was their formulae in all things they made. I have used this principle for some dulcimers and banjos I have made and found it to be acceptable for instruments I was making as a craft item. If I were making a living off this work I would add another X to the equation. Don
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