Our lesson plan for today will be about the [Cooking School Bell] - how to get it, and how to profit from it.
[Cooking School Bell] can be purchased for 50 Ironpaw tokens and is sold by Nam Ironpaw at Halfhill. You will be required to have 600 cooking in ALL 6 ways of Panda cooking, and be exalted with the Tillers faction.
The item will summon Nomi, your cooking student, and he will offer you daily quests to help his cooking skill. Most of the ingredients are easily purchasable at Halfhill.
Each friendship tier, he will offer a different quest:
Lesson 1: Sliced Peaches
Lesson 2: Instant Noodles
Lesson 3: Toasted Fish Jerky
Lesson 4: Dried Needle Mushrooms
Lesson 5: Pounded Rice Cake
Once Nomi becomes an expert cook (similar to getting to Best Friends with the Tillers) he will offer you the quest A Token of Appreciation which will reward [Goodies from Nomi] and an Ironpaw Token.
[Goodies from Nomi] can contain 2-5 of the following:
Mad Brewer's Breakfast
Black Pepper Ribs and Shrimp
Chun Tian Spring Rolls
Great Pandaren Banquet
Sea Mist Rice Noodles
which is basically all the top end +300 stat food in the game presently.
It may also contain [Perpetual Leftovers] which is not consumed upon use.
In any case, after 50 days, you have made back the 50 tokens you spent on the [Cooking School Bell] rendering it basically free, and are now getting a free Ironpaw token a day and free top stat raid food to use or sell as you see fit.
Nomi also has a quest at the end called A Present for Teacher which will award a choice of 5 [100 Year Soy Sauce] / [Rice Flour] / [Black Pepper] AND [Apron]
[Apron] is not account bound and can be sold on the AH - you can see the prices on the mouseover, presently from 8-25k.
[Apron] can also be purchased from Nam Ironpaw for 50 Ironpaw tokens, and may or may not be a good way to burn off your tokens.