Formula applied
The exact method behind this answer
CalculationTime keeps the method visible so the number can be checked instead of blindly trusted.
Total needed = target salary + annual costs. Break-even per wedding = total needed / weddings per year. Package rate = break-even / (1 - profit margin percent / 100).- Apply the formulaTotal needed = target salary + annual costs. Break-even per wedding = total needed / weddings per year. Package rate = break-even / (1 - profit margin percent / 100).$4,250.00Break-even $3,400.00 per wedding; implied $425.00/hour across 10 hours.