Price your parts for profit using industry-standard markup matrices. Enter your cost, get the right retail price.
This industry-standard matrix uses higher markups on cheaper parts and lower markups on expensive parts. This keeps low-cost repairs profitable while keeping big jobs competitive.
| Part Cost | Markup |
|---|---|
| $0-5 | 100% |
| $5-15 | 80% |
| $15-50 | 60% |
| $50-150 | 50% |
| $150-400 | 40% |
| $400-1000 | 30% |
| $1000+ | 25% |
Total Sell Price
$72.00
Total Cost
$45.00
Total Profit
$27.00
Avg Markup
60.0%
Profit Margin
37.5%
Pro Tip
Don't forget to add shop supplies (3-5% of parts total) to your invoices. It covers rags, cleaners, and small consumables.
Automate your pricing. GearMike applies markup matrices automatically when you create estimates and invoices.
Try GearMike FreeA $5 oil filter with 50% markup only makes $2.50. But 100% markup makes $5. On expensive parts, lower markups keep you competitive while still profitable.
Customers can easily price-check common parts online. Be competitive on brakes, batteries, and tires. Make your margin on specialty and dealer-only parts.
Your markup needs to cover potential warranty claims. Parts fail, cores get forgotten, things get returned. Build that into your pricing strategy.
Most shops charge 3-8% of parts cost as "shop supplies" to cover rags, cleaners, lubricants, and small consumables. It's standard practice and customers expect it.
GearMike automatically applies your markup rules when you build estimates. Just enter part cost, get the right price. Every time.