How did you arrive at these rates? There should be a rational basis of determining rates/price .

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Prabhas Kumar Panda

Advanced Excel & PowerPoint Trainer

The rates are arrived at by keeping these below factors in mind: !. Type of Training 2. No of Participants 3. no of days or batches of training 4. Type of organisation ( small/medium or large) 5. Contact hours devotion of the trainer.
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The prime rational is determined on the basis of 1. the opportunity cost of the trainer - for eg.:if he can earn Rs 1,00,000 per day doing consulting/employment/training etc. - his cost will be that much; 2. Infrastructure Cost - the better the facilities - the higher this cost; 3. Course Content/material/preparation...
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The prime rational is determined on the basis of 1. the opportunity cost of the trainer - for eg.:if he can earn Rs 1,00,000 per day doing consulting/employment/training etc. - his cost will be that much; 2. Infrastructure Cost - the better the facilities - the higher this cost; 3. Course Content/material/preparation cost - higher quality - higher cost; 4. Profit Percentage - normally 30% over the sum of all theses costs. Now, the total revenue - the sum of the above is divided by the number of expected participants - for example, my revenue comes out to be Rs 5,00,000 and the expected no. of students attending the course is 100, then the price per student will be Rs 5000. read less
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What is rational basis of determining rates/price ?
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