Question

Determine the total cost and the cost per serving for the following recipe.

The yield is 26 servings.
Chili
Ingredient Unit Cost
4 lb ground beef $3.39/lb
3 lb tomatoes $1.69/lb
2 lb onions $1.09/lb
1 lb green pepper $1.59/lb
4 oz garlic $2.59/lb
8 oz tomato paste $1.79/pt

Answer 1

Total cost: $23.9425

Cost per serving: $0.92

Step-by-step explanation:

First, you have to determine to total cost per ingredient. Let's solve.

1. 4lb x $3.39/lb = $13.56 (ground beef)

2. 3lb x $1.69/lb = $5.07 (tomatoes)

3. 2 lb x $1.09/lb = $2.18 (onions)

4. 1lb x $1.59/lb = $1.59 (green pepper)

5. 4 oz. = 0.25 lb

• 0.25 lb x $2.59/lb = $0.6475 (garlic)

6. 8 oz. = 0.5 pt.

• 0.5 pt. x $1.79/pt. = $0.895 (tomato paste)

Now, we can add the cost per ingredient to know the "total cost."

Let's compute.

$13.56 + $5.07 + $2.18 +$1.59 + $0.6475 + $0.895 = $23.9425

The total cost is: $23.9425

The total cost will be divided into 26, the expected number of servings.

So, $23.9425 ÷ 26 = $0.92 (92 cents)

Each serving costs $0.92.