Recipe: Chocolate Chip Cookies
Ingredients:
- 2 1/4 cups all-purpose flour - $0.50
- 1 tsp baking soda - $0.02
- 1 tsp salt - $0.01
- 1 cup unsalted butter, softened - $1.50
- 3/4 cup white granulated sugar - $0.30
- 3/4 cup brown sugar, packed - $0.40
- 1 tsp vanilla extract - $0.10
- 2 large eggs - $0.40
- 2 cups semisweet chocolate chips - $2.00
Total cost = $5.23
Cost to make entire recipe, plus 50% profit = $7.85
Number of cookies: 24
Cost per cookie = $7.85/24 = $0.33
Therefore, each chocolate chip cookie will be sold for $0.33.
To determine the cost of each ingredient, I used the prices at my local supermarket. I added up all the costs to determine the total cost of the recipe. Then, I used the method provided by the teacher to calculate the cost per cookie. In this case, it would be $0.33 per cookie.
Your class has decided to have a bake sale. Each student in the class has been asked to bring in an item to sell and is responsible for pricing the item s/he brought.
The teacher would like you to use the following method for setting a price:
• Cost to make entire recipe, plus a 50 percent profit, divided by the number of items you are selling.
• Get a recipe and determine the cost at which each cookie in your recipe will be sold. Be sure to include the recipe you used, how you determined the price of each ingredient, and how you determined the cost per cookie.
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