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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch ✹✺ SILVER
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Number: of 22354 
Subject: Re: OT: Hershey
Date: 12/28/23 11:28 AM
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A bit of napkin math. Google tells me that the Hershey chocolate bar is 43g (1.55 oz) and is 11% cocoa.

Though I think your line of reasoning is probably valid...cocoa is expensive, but not the biggest part of the cost of a bar...did you remember the cocoa butter? Very expensive stuff.

If a 43 gram bar is 21 grams of added sugar, that's 22 grams of "other", which is mostly condensed skimmed milk, cocoa, and cocoa butter, with (in this case) some dairy butter. The other ingredients are negligible by weight. So I guess you have to guess how much condensed milk there is--subtract that from 22 and you probably won't be far off from the total cocoa mass weight (powder+cocoa butter combined).

Jim
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
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