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Cost and price

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166 Points Posted on 30 July 2023
Dear experts,

please explain what is the difference between cost and price
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On 30 July 2023 at 14:47 Report
Replies (3)
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Semi Qualified CA
3208 Points Posted on 30 July 2023
Cost is expense to produce a product while price is the amount customers pay to acquire it
8 Reply
On 30 July 2023 at 16:39
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Chartered Accountant
24588 Points Posted on 31 July 2023
Cost is the amount which is incurred to produce a product by the company basically it's the cost to purchase raw materials, etc. whereas price is the sale price charged to customers to buy
129 Reply
On 31 July 2023 at 08:53
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Profession Business
28207 Points Posted on 03 August 2023
Prime cost plus factory overhead plus admin overhead plus selling cost and marketing cost .
plus Mark up
selling price
44 Reply
On 03 August 2023 at 07:24


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