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What do I charge?

I am just starting a cake decorating and party tray kind of gig out of my home. It's based soley on word of mouth. Well, I've been asked to give a quote for a 5 year old's birthday party. I was asked to quote my prices for the cake, as well as a fruit, meat/cheese & veggie tray as well as a witch's brew pot filled with dry ice and punch and an adult cake. There will be 30-50 kids who will eat the airplane cake I design and make as well as the punch. The grown ups will be eating off the trays and sheet cake. I have no idea how to figure a price for all of this. I need serious help! I am going to go to the store and price out my cost for all of my supplies.........how do I know how to charge for my time and profit?

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