How do i split the cost of ice with my food cart business?

Kingston, New York
June 25, 2017 1:36pm CST
A BAG of ice 20 LB bag cost me $4.00 per bag I need to split it up to see how to put in in each products price. I am trying to figure it so the cost of ice per person.
2 people like this
1 response
@Mike197602 (15489)
• United Kingdom
25 Jun 17
My thoughts would be weigh the ice you put towards each product??? Don't know what products you mean but that'd be the way to do it. Weight of ice per product then work out the cost of ice per product based on the 20LB bag...then add on the ice cost to the product cost plus associated costs and percentage profit you want to achieve then essentially you'd have a unit price. You'd know the product cost and I assume you have a percentage profit you need to make so it is pretty simple if you have digital scales which aren't expensive and can be written off as a business expense PS it would be cost of ice per product not per person I think...as one person may buy several products which require different amounts of ice.
1 person likes this
@Mike197602 (15489)
• United Kingdom
25 Jun 17
Now I'm thinking more and it gets more complex as ice melts so you'd have to keep topping it up My advice would be to find a business adviser through your bank or something who can help you with this. I'm pretty good on product cost and profit etc as I work in a kitchen and know the formula they use. But theirs will be different from yours so I suspect I'll just confuse the issue.
1 person likes this
• Kingston, New York
27 Jun 17
For me the ice is use to keep The cabs of soda cold in the food cart And the food in the coolers.
1 person likes this
@Mike197602 (15489)
• United Kingdom
27 Jun 17
@eagletrek2 I think you'd need to calculate how much ice you need per day to keep product X/Y/Z cool. Then divide the amount of product by the cost of ice then you'd have a basic figure to add to each individual unit.