Let's say your 360 photo booth rental price is $250 per hour, with a minimum rental duration of 2 hours. You anticipate receiving at least 4 orders related to this service each month, and the total costs incurred to obtain and fulfill these orders amount to $200.

Steps to Calculate

1、Rental Price

The rental price per session is $250/hour. Given the minimum rental duration of 2 hours, the total price for each session would be: 250USD/hour×2hours=500USD

2、Rental Time

The rental time is set at 2 hours (as this is the minimum duration).

3、Monthly Rental Count

The expected number of rentals per month is 4.

4、Total Cost

The total costs incurred to obtain and fulfill these orders is $200.

Calculation

1、Total Income

Total Income=Rental Price per Session×Monthly Rental Count=500USD×4=2000USD

2、Total Cost

Total Cost=200USD

3、Profit

Profit=Total Income−Total Cost =2000USD−200USD=1800USD

4、Profit Margin Calculation

Profit Margin=(Profit / Total Income ​)×100 = (1800​ / 2000 )×100=90%

Summary of Results

1、Total Income: 2000USD

2、Total Cost: 200USD

3、Profit: 1800USD

4、Profit Margin: 90%

By utilizing our Photo Booth Profit Calculator, you can easily assess your monthly financial performance, enabling you to make informed business decisions!

Check out our photo booth profit calculator on our homepage at Smart 360 Photo Booth and see how you can boost your earnings!