Poker Chips Pricing

[WBartworks]

I haven't sold any yet and think I never will because the price per chip is way too high.  Right now one chip has a $32.00 comp value and is 25 % off.  If I set my royalty rate at the lowest rate - 5%, one chip will sell for $1.88 per chip.  

[Sara_H]

@WBartworks 

You can't buy a single poker chip - they're sold in sets of 10

[WBartworks]

Correction:  Comp value is not $32.  Below is what I came up with when I used 5% royalty.

I know you can't just buy one.  However, if 10 cost 18.80, one chip costs $1.88.

[Sara_H]

@WBartworks 

 the comp value is calculated at 10 x whatever your royalty is set at (eg mine is set comp value 26.50) It's double sided so that may make a difference)

For my double sided - I can't get it to go as low as 1.88 per chip.

Is it a single sided design?

[WBartworks]

You must have set your royalty at 10% .  I made a mistake when I first wrote that the comp value was $32.00.  I set my royalty at 5%.  Here is a picture of how I came up with $1.88 per one, $18.80 for 10.

[Sara_H · Accepted solution]

when I set mine at 5% - $2.50 not 1.88

but I don't have the newyeardeal1 flair like you have

I just have the "you save 25%"

edited to say - doh - the 1,88 is with the discount already applied - ignore me lol

[WBartworks]

It’s easier for me to explain with a picture. I should have done that right away.