NOTICE: The above calculation for cost per book and royalty is valid from June 1, 2017. Any publishing package payment received by us dated older than June 1, 2017, should go with the old cost per book and old royalty checker calculations.
Book buyers may pay the shipping & handling extra. But the author will earn profit share as mentioned in cost per the above calculation as long they set the final MRP same or more than the suggested minimum MRP.
NOTICE: The below calculation for cost per book and royalty is valid from June 1, 2017. Any publishing package payment received by us dated older than June 1, 2017, should go with the old cost per book and old royalty checker calculations.
Finalizing MRP of the book
How you can finalize the MRP
If you have the plan to put your book in any physical/actual store, please keep in mind, most of them generally ask for at least 50% discounts on top of MRP. To run the show, they sometimes need to offer a huge discount to the customers.
In the case of selling through online giants like Amazon.in & others, you have to think about handling charges, inventory charges, their commission and in some cases, you need to strategise of giving free shipping too.
Having a 50% - 70% extra within the MRP helps you to start with 15% - 20% discounts or even the book can be advertised with free shipping if budget permits.
After getting the manuscript and payment, we generally discuss in details regarding the MRP to match the author's expectation.
Cost per Book & Royalty checker
Calculate the Cost per Book for the Author's copy
MRP = Cost per book + Royalty + Platform Commission
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