How it works
For each ingredient the tool converts both sizes to milliliters (1 US fluid ounce = 29.5735 ml, 1 teaspoon = 4.929 ml, 1 tablespoon = 14.787 ml) and divides the package price by the package size to get a price per milliliter. That is multiplied by the amount you use. Items counted by the piece divide the package price by the number of pieces. The ingredient costs are added without rounding, the spillage and waste percent is applied to that sum, and your extra cost per drink is added last. Only the displayed amounts are rounded to cents. Cost percent is the cost per drink divided by the selling price. The lowest price for a target is the cost divided by the target percent, rounded up to the next cent.
Worked example
A margarita uses 2 oz of tequila from a 750 ml bottle that costs $28.00, 1 oz of triple sec from a 750 ml bottle that costs $18.00, and 1 oz of lime juice from a 1 L bottle that costs $10.00. That is $2.21, $0.71 and $0.30, for $3.21 per drink. Sold at $11.00, the cost is 29.22% of the price and the profit is $7.79. For a 25% target the lowest price is $12.86, and 20 drinks cost $64.27 in ingredients.
Before you use the result
- Ingredient lines are rounded to cents for display only, so they may differ by a cent from the total, which uses the unrounded amounts.
- Ice, dilution and the garnish are not included unless you add them. Use the extra cost field for garnish and other small items.
- Use the price you actually pay per bottle, including any case discount, and the amount you actually pour. The currency menu changes the label and does not convert money.