thanks to bro Jason for providing an example,
mackie8, you take this for formula to apply.
480pcs of 4R, cost about $168.00 (@$0.35 per pie)
album plus refil pages, cost $50.00
average product mark up is 300%, to cover wastage, damage, reject, storage etc, so material cost this of 480 x 4R slot in album, alone, is $654.00,
that is before adding wagers, example here is 8 hours spent from short listing images till complete the album ready for collection, so how much you want to price your wagers for 8 hours?
on top of this, you only cover the cost of materials, and your salary for making this album, you didn't make any profit for making this album yet, how much profit you intend to make? add that into final selling price.