Enter the total cost ($) and the number of ingredients into the Calculator. The calculator will evaluate the Cost Per Ingredient. 

Cost Per Ingredient Formula

CPI = TC / I

Variables:

  • CPI is the Cost Per Ingredient ($/ingredient)
  • TC is the total cost ($)
  • I is the number of ingredients

To calculate the Cost Per Ingredient, divide the total cost by the number of ingredients.

How to Calculate Cost Per Ingredient?

The following steps outline how to calculate the Cost Per Ingredient.

  1. First, determine the total cost ($). 
  2. Next, determine the number of ingredients. 
  3. Next, gather the formula from above = CPI = TC / I.
  4. Finally, calculate the Cost Per Ingredient.
  5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

total cost ($) = 3023

number of ingredients = 121