Maybe 4 63 per pair maybe more. To keep it simple we can figure he gets 5 of the wholesale price.
It costs 10 75 for materials 2 43 for labor overhead is 2 10 and factory profit is at 0 97.
How much money does it cost to make jordans. The cost breakdown of a 100 pair of sneakers accessed june 23 2020. Most shoes are shipped by ocean freight. Salaries range from 410 jod lowest average to 7 190 jod highest average actual maximum salary is higher.
But on average it only costs the company about 30 to make those shoes. Once the brand buys the shoe from the factory the shoe needs to be shipped. The cost of making a pair of shoes varies from brand to brand.
As the consumer it s their right to pay as much or as little as they want for whatever they choose. In 2001 in the united states it cost 4 to produce a pair of new balance shoes while it cost 1 30 in china. For instance it costs nike around 16 to make a pair of air jordans.
Ocean freight from china to the usa is about 50 per pair. How michael jordan will make 145 million. A person working in jordan typically earns around 1 610 jod per month.
The jordan brand is selling about 2 6 billion dollars of product and michael is paid about 100 million. How much did air jordans cost in 1985. This is the average monthly salary including housing transport and other benefits.
Air jordans make about 12 500 000 000. This includes materials labor overhead and factory profit. Jordan yeezy adidas and more happening each week.
How much money does air jordans make a year. How much does it cost to ship a 40ft container from china to ethiopia. Although the majority of new balance production is in china there are a few factories left in the united states due to certain productivity gains.
Today s retail price for the air jordan 1 is around 125 140 so that leaves a profit margin around 108 75 to 123 75. It s said that the total cost to make an air jordan 1 sneaker is 16 25. The real cost to make a 70 00 shoe is about 15 00.
Salaries vary drastically between different careers. So to make the air jordan xxxi ship it and pay michael the total comes to about 41 30. Here s how much it really costs to make your favorite sneakers.
Air jordan accessed june 23 2020.