Usually Ferric Chloride is sold as a concentrated solutions often measured in a rather antiquated density measurement system called "Baume degrees" measured using a special hydrometer. Most people are more familiar with weight percent (xx percent solution) or specific gravity (mass per unit volume). The normal concentrated solution is around a 40 percent solution. If you dissolve 500 grams of Ferric Chloride powder in 1 liter of distilled water, this will give you a workable concentrated solution. I usually dilute this solution 4:1 with distilled water for etching steel. When diluting, add the concentrated solution to water slowly, as it also will get hot.
Word of Caution: Wear eye protection. Always add the powder to the water VERY SLOWLY, slowly stirring. This gets very HOT as it dissolves, so use an appropriate heat resistant container(not metal, PYREX is good). It is also very corrosive, so avoid splashing it on yourself or anything you care about.
Former Chemist here, I hope this helps. -Doug