Teaching · For Tutors · Business

Three children, one family.
What should the discount be?

Type your price, the children and the discount. The calculator shows the family’s bill and what the offer costs you each month and each year.

Price the discountWhat you get
$12one-time · every device you sign in on
Buy · $12

Included with Caveat Classroom and Whole-school licenses. Or get it in the Tutoring business kit, $69 for 80 items.

The sibling discount calculator

The worked example is three children with four $60 sessions a month each. Nothing you type leaves this browser.

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What you get

Teaching · For Tutors$12 · included with Classroom and Whole-school licenses

What you finish with
The family’s monthly bill and saving, the average price per session, your profit per session before and after, the yearly cost of the discount and how many sessions’ profit it equals, with a bill for each child. It prints as a one-page summary to keep with your policy.
Who it is for
Independent tutors and tutoring center owners deciding whether and how to offer families with more than one child a lower price.
Format
Browser calculator for a phone, tablet or computer, by touch or keyboard. Prints a summary; downloads a spreadsheet (.csv); export and import a file.
Access
$12 one-time, yours on every device you sign in on; the tool opens once you are signed in with it. Included with Caveat Classroom and Whole-school licenses. Also in the Tutoring business kit ($69) and the Teaching Suite pass ($199), and 1 more bundle. Everything you type stays in this browser; nothing is sent to Caveat.
Where it lives
The For Tutors space in Caveat Teaching.
Support
Questions, a correction or a request: team@caveatacademic.com.

How to use it

  1. Type your regular session price.
  2. Add the children and their sessions.
  3. Pick the kind of discount and its size.
  4. Add your cost per session.
  5. Compare the three kinds on one family.

Price the discount

How the discount is worked out

The sessions it covers, times what it takes off each.

The worked example: three children, four sessions eachFull price$72012 sessions × $60Discounted8 sessions2nd and 3rd childDiscount$728 × 15% of $60Family pays$648$54.00 a sessionThe worked example: three children, four sessions eachFull price$72012 sessions × $60Discounted8 sessions2nd and 3rd childDiscount$728 × 15% of $60Family pays$648$54.00 a session
The discount applies to the sessions it covers; the first child pays the regular price under the first and third kinds.

Three common kinds

Percent off the second child and each after is the most common; it leaves the first child at the full price. Percent off every child is simpler to explain but costs more. A dollar amount off each session for the second child on keeps the saving the same when your price rises.

Count it in profit, not price

A 10 percent saving for the family is a bigger cut in your profit, because your costs per session do not fall. Comparing the discount with the profit of one session shows what it really costs, and whether keeping or winning a sibling makes up for it.

Sources

  1. U.S. Small Business Administration. Calculate your startup costs; Manage your finances; Break-even point (sba.gov).
  2. Internal Revenue Service. Self-Employed Individuals Tax Center and Publication 334, Tax Guide for Small Business (irs.gov).
  3. U.S. Bureau of Labor Statistics. Occupational Outlook Handbook: teachers, tutors and instructors, pay and work schedules (bls.gov/ooh).
  4. U.S. Small Business Administration. Pricing: discounts and promotions (sba.gov, Plan your business).

Arithmetic on your own prices. Your entries stay in this browser. Support: team@caveatacademic.com.