Potion = 95 = Blue Mushroom + Herb
2 Mega Potion = 90 = Potion(1) + Honey
3 Nutrients = 90 = Blue Mushroom + Godbug
4 Mega Nutrients = 75 = Nutrients(3) + Honey
5 Antidote = 95 = Antidote Herb + Blue Mushroom
6 Herbal Medicine = 90 = Cactus Flower + Bitterbug
7 Max Potion = 65 = Mega Nutrients(4) + Dragon Toadstool
8 Ancient Potion = 55 = Immunizer(10) + Kelbi Horn
9 Catalyst = 75 = Bitterbug + Honey
10 Immunizer = 75 = Catalyst(9) + Dragon Toadstool
11 Power Juice = 75 = Catalyst(9) + Rare Steak
12 Mega Juice = 65 = Power Extract + Well Done Steak
13 Demondrug = 65 = Catalyst(9) + Power Seed
14 Mega Demondrug = 55 = Demondrug(13) + Pale Extract
15 Power Pill = 75 = Immunizer + Power Seed
16 Armourskin = 65 = Catalyst(9) + Armour Seed
17 Mega Armorskin = 55 = Armorskin(16) + Pale Extract
18 Armor Pill = 75 = Immunizer + Armour Seed
19 Hot Drink = 95 = Hot pepper + Bitterbug
20 Cool drink = 95 = Ice Crystal + Bitterbug
21 Spicy Mushroom = 75 = Hot pepper + Special mushroom
22 Poisoned Meat = 90 = Raw Meat + Toadstool
23 Tainted Meat = 90 = Raw Meat + Stunshroom
24 Drugged Meat = 90 = Raw Meat + Sleep Herb
25 Bomb Material = 95 = Stone + Sap Plant
26 Smoke Bomb = 75 = Bomb Material(25) + Ivy
27 Poison smoke Bmb = 75 = Bomb Material(25) + Toadstool
28 Flash Bomb = 75 = Bomb Material(25) + Flashbug
29 Dung Bomg = 75 = Bomb Material(25) + Dung
30 Paintball = 95 = Paintberry + Sap Plant
31 Gunpowder = 95 = Nitroshroom + Fire Herb
32 Small Barrel Bomb = 90 = Small Barrel + Fire Herb
33 Sm Barrel Bomb+ = 90 = Sm Barrel Bomb(32) + Monster Broth
34 Large Barrel Bomb = 75 = Large Barrel + Gunpowder(31)
35 Lg Barrel Bomb+ = 75 = Lg Barrel Bomb(34) + Monster Broth
36 Sonic Bomb = 75 = Gunpowder(31) + Screamer
37 Net = 90 = Spiderweb + Ivy
38 Pitfall Trap = 65 = Net(37) + Trap Tool
39 Tuna Bait = 95 = Worm + Yambug
40 Arrowana Bait = 95 = Cricket + Bughopper
41 Goldenfish Bait = 90 = Firefly + Snakebee Larva
42 Old Pickaxe = 95 = Stone + Bone
43 Iron Pickaxe = 75 = Iron ore + Bone
44 Mega pickaxe = 95 = Machalite Ore + Bone
45 Old bugnet = 95 = Net + Mystery Bone
46 Bugnet = 75 = Net + Sm Monster Bone
47 Mega Bugnet = 95 = Net + Med monster Bone
48 Antiseptic Stone = 75 = Bitterbug + Earth Crystal
49 Lifecrystals = 90 = Godbug + Wyvern Fang
50 Lifepowder = 65 = Lifecrystals(49) + Wyvern Claw
51 Health Flute = 65 = Flute + Lifepowder(50)
52 Antidote Flute = 65 = Flute + Antiseptic Stone(48)
53 Demon Flute = 55 = Mega Demondrug + Med Monster Bone
54 Armor Flute = 55 = Mega Armorskin + Med Monster Bone
55 Poison Thrw Knf = 90 = Throwing knife + Toadstool
56 Paralyze Thr Knf = 90 = Throwing knife + Stunshroom
57 Sleeping Thr Knf = 90 = Throwing knife + Sleep Herb
58 powertalon = 55 = powercharm + sm Lao-shan claw
59 armortalon = 55 = armorcharm + sm Lao-shan claw
60 Normal S Lv2 = 95 = Huskberry + Needleberry
61 Normal S Lv3 = 95 = Huskberry + Rumblefish
62 Pierce S Lv1 = 90 = Huskberry + Velociprey Fang
63 Pierce S Lv2 = 75 = Huskberry + Pin Tuna
64 pierce S Lv3 = 75 = Sm Bone Husk + Pin Tuna
65 pellet S Lv1 = 90 = Huskberry + Scatternut
66 pellet S Lv2 = 75 = Huskberry + Wyvern Fang
67 pellet S Lv3 = 75 = Sm Bone Husk + Wyvern Fang
68 Crag S Lv1 = 90 = Huskberry + Burst Arrowana
69 crag S Lv2 = 90 = Sm Bone Husk + Burst Arrowana
70 crag S Lv3 = 95 = Lg Bone Husk + Bomb Arrowana
71 clust S Lv1 = 90 = Huskberry + Bomberry
72 Clust S Lv2 = 75 = Sm Bone Husk + Wyvern Claw
73 Clust S Lv3 = 95 = Lg Bone Husk + Scatterfish
74 Flaming S = 90 = Huskberry + Fire Herb
75 Ice S = 75 = Huskberry + Knife Mackarel
76 Thunder S = 75 = Huskberry + Flashbug
77 Dragon S = 75 = Lg Bone Husk + Dragon Seed
78 Recover S Lv1 = 90 = Huskberry + Herb
79 Recover S Lv2 = 90 = Huskberry + Potion(1)
80 Poison S Lv1 = 90 = Huskberry + Toadstool
81 Poison S Lv2 = 75 = Sm Bone Husk + Ioprey Fang
82 Stun S Lv1 = 90 = Huskberry + Stunshroom
83 Stun S Lv2 = 90 = Sm Bone Husk + Genprey Fang
84 Sleep S Lv1 = 90 = Huskberry + Sleep Herb
85 Sleep S Lv2 = 75 = Sm Bone Husk + Sleepyfish
86 Paint S = 90 = Huskberry + Paintberry
87 Demon S = 75 = Huskberry + Power Seed
88 Armour S = 75 = Huskberry + Armour Seed

89 Disk Stone x5 = 90 = Expand Pickaxe + Disk Stone
90 Iron Ore x5 = 90 = Expand Pickaxe + Iron Ore
91 Earth Crystal x3 = 90 = Expand Pickaxe + Earth Crystal
92 Machalite Ore x3 = 90 = Expand Pickaxe + Machalite Ore
93 Dragonite Ore x3 = 90 = Expand Pickaxe + Dragonite Ore
94 Carbalite Ore x2 = 90 = Expand Pickaxe + Carbalite Ore
95 Union Ore x2 = 90 = Expand Pickaxe + Union Ore
96 Firestone x2 = 90 = Expand Pickaxe + Firestone
97 Firecell Stone x2 = 90 = Expand Pickaxe + Firecell Stone
98 Lightcrystal x2 = 90 = Expand Pickaxe + Lightcrystal
99 Novacrystal x2 = 90 = Expand Pickaxe + Novacrystal
100 PureCrystal x2 = 90 = Expand Pickaxe + PureCrystal
101 Monster Bone+ x2 = 90 = Expand Pickaxe + Monster Bone+
102 Hard Monster Bonex2=90 = Expand Pickaxe + Hard Monster Bone
103 King Scarab x3 = 90 = Expand Pickaxe + King Scarab
104 Joinergrasshopperx2=90 = Expand Pickaxe + Joinergrasshopper

----Alchemy combinations------------------------------------------------------

105 Honey = 90 = Firefly + Special Mushroom
106 Herb = 95 = Sap Plant + Insect Husk
107 Fire herb = 90 = Garbage + Hot Pepper
108 Blue Mushroom = 95 = Antidote Herb + Toadstool
109 Raw Meat = 95 = Burnt Meat + Dung
110 Large Barrel = 65 = Med Monster Bone + Ivy
111 Small Barrel = 75 = Sm Monster Bone + Sap Plant
112 Whetstone = 90 = Sm Monster Bone + Disk Stone
113 Huskberry x 5 = 75 = Huskberry + Iron Ore
114 Needleberry x 5 = 75 = Needleberry + Earth Crystal
115 Sushifish = 75 = Antidote Herb + Sleepyfish
116 Rare Steak = 90 = Thunderbug + Velociprey Hide
117 Screamer = 75 = Frog + Flute
118 Monster Fluid = 55 = Ice crystal + Sleep sac
119 Psychoserum = 75 = Cactus Flower + Thunderbug
120 Power Extract = 65 = Dragon Seed + Piscine Liver
121 Power Seed = 65 = Bomberry + Kut-ku Scale
122 Armor Seed = 65 = Needleberry + Velocidrome Claw
123 Rumblefish = 75 = Hot Pepper + Sushifish
124 Monster Broth = 55 = Monster Fluid + Bitterbug

In order to do this combinations you need the Alchemy skill. An easy and
cheap armor set with Alchemy skill can be:

Head - Hunter Helm
Chest - Battle Mail
Arms - Chain Vambraces
Belt - Velociprey tasset
Boots - (Any)