$2. Very very sweet till the extent that I had to try to wait until the ice melted before actually being able to drink it. Much pricier than the hot version which only costs $1.40. I think they charged so much more because they put extra powder if you order it with ice mainly because of the strong sweet horlicks taste in the drink. It felt like diabetes in a cup. Will not recommend the iced one but will like to try the hot version to see if that is the case as well.