
o determine the selling price needed to earn a N30 profit per pack of chin-chin, you need to calculate your total cost per pack and then add your desired profit margin.
Let’s break down the potential costs involved in making a pack of chin-chin:
Estimated Costs (These are highly variable and depend on your specific ingredients, scale of production, and packaging):
- Ingredients: Flour, sugar, butter/margarine, milk, eggs, nutmeg, vanilla, oil for frying. The cost of these can fluctuate based on market prices and the quantity you purchase. Let’s estimate this to be between N40 – N60 for the quantity in one pack.
- Packaging: Cost of the bag or container used to package the chin-chin, plus any labels. This could range from N5 – N15