Chalk-Finish Paint Recipe - Mix 1/3 cup of plaster of Paris and 1/3 cup of cool water; stir until completely smooth. Mix that with 1 cup of latex paint and stir thoroughly. This will make enough chalk-finish paint for one coat on a six-drawer dresser. Chalk-finish paint should not be stored and reused. If you have a smaller project, mix smaller amounts of plaster, paint, and water in the same proportions.