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Rum And Coke Cost Formula:
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The Rum And Coke Cost Calculator helps bar owners, managers, and bartenders determine the exact cost per drink for a rum and coke cocktail. This calculation is essential for setting appropriate pricing and maintaining profitability.
The calculator uses the following formula:
Where:
Explanation: The formula calculates the cost per drink by dividing both the liquor and mixer costs by the number of pours per bottle, then summing these two components.
Details: Accurate drink costing is crucial for bar profitability, menu pricing, inventory management, and financial planning. Understanding your cost per drink helps set competitive prices while maintaining healthy profit margins.
Tips: Enter the total cost of your rum bottle, the number of drinks you can pour from one bottle (typically 16-25 for a 750ml bottle), and the total cost of your cola/mixer. All values must be positive numbers.
Q1: How many pours per bottle should I use?
A: Typically, a 750ml bottle yields 16-25 drinks (1.5oz pours), while a 1L bottle yields 22-33 drinks.
Q2: Should I include ice and garnish costs?
A: For precise costing, you may want to add small additional costs for ice, lime wedges, or other garnishes if used.
Q3: How does glassware affect the cost?
A: Glassware cost is typically calculated separately and added to the drink price, as glasses are reusable.
Q4: What's a typical profit margin for cocktails?
A: Most bars aim for 20-30% cost of goods sold (COGS), meaning the drink cost should be 20-30% of the selling price.
Q5: How often should I recalculate drink costs?
A: Recalculate whenever your liquor or mixer prices change, or at least quarterly to account for market price fluctuations.