iPod Hair Clip #1
One old iPod Nano	$25.00
Water Proof Seal (5oz) Rubberized Base (11oz)	$10.00 $5.00
.5 hours @ $9	$4.50
Total production cost	$44.50
20% profit	$8.90
Total cost plus profit	$53.40
Estimated retail price	$55.00

After talking over the product with my friends, we decided this would have to be boutique or high end product but that would allow for the higher prices on the original iPod.

iPod Hair Clip #2
Old iPod Nano (10-24 units)	$68.00
Water Proof Seal (128oz) Rubberized Base (128oz)	$48.49 $68.00
.5 hours @ $9	$4.50
Total production cost	$12.00
20% profit	$1.20
Total cost plus profit	$13.20
Estimated retail price	$55.00

I learned that by buying in bulk, you can save a lot of money but still charge the higher price to continue to grow the brand.