cost price
"Cost price" refers to the total expense incurred to produce or purchase a product, crucial for determining profitability.
🇺🇸 US Voice:
🇬🇧 UK Voice:
Definition
B2Finance
(technical)The amount paid by a trader to purchase goods.
Example
- The store sells items at cost price during the clearance sale.
B2Manufacturing
(technical)The total expense to produce an item, including materials, labor, and overhead.
Example
- The cost price of the gadget includes the cost of raw materials and assembly.
Similar
Terms that have similar or relatively close meanings to "cost price":
cost plussale pricestarting pricecost dearmarket priceat a priceprice outprice pointat a discountprice up