Thank you, this is extremely helpful! I've never made a piece of clothing before, so I have a hard time telling how much it would cost. Even just knowing that this is generally about how much I have to spend is worth a lot! I was looking at cotton before actually, but neither online nor at the store I could really find colors I liked. And since they weren't a lot cheaper, I thought I might as well pay a little more and get a color I really like.
Only the gauge has me really confused. From what I've looked up, I feel like 8sts x 6rows is very little for 10x10cm, with the wool I got for testing I would need twice as much.