based on the picture there is four ink tanks for the price of 11.99 is that correct?

It is only the black cartridge. If you purchased this expecting the four color pack shown in the picture, you will be disappointed.

87^.14Dh

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Canon CLI-251 Ink Cartridge - Black

Cartridge Color: Black

Black
Model #: 6513B001
Single Cartridge
Approx page yield per Cartridge: 1100
Compatible with: Canon PIXMA iP7220, iP8720, iX6820, MG5420, MG5422, MG5520, MG5522, MG5620, MG5622, MG6320, MG6420, MG6620, MG7120, MG7520, MX722, MX922 Series

Overview

Specs

Reviews (5)

Compatability: MG6320, IP7220 & MG5420, MX922, MG5520, MG6420, MG7120, iX6820, iP8720, MG7520, MG6620, MG5620

Details
Cartridge Quantity	Single Pack
Cartridge Color	Black
Compatible Products	PIXMA MG5420, PIXMA MG5422, PIXMA MG5520, PIXMA MG5522, PIXMA MG6320, PIXMA MG6420, PIXMA MG7120, PIXMA MX722, PIXMA MX922, PIXMA iP7220, PIXMA iP8720, PIXMA iX6824
Ink Type	Dye-based
Coverage	@ 5%

Features
Features	This CLI-251 Black Ink delivers improved color, a wider color gamut and better color fastness. Print only with genuine Canon ink and photo paper to achieve optimum results through the ChromaLife100+ System which will deliver stunning results and longevity.

Additional Information
First Listed on Newegg	October 11, 2013