Dear experts,
please explain what is the difference between cost and price
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Cost and price
Replies (3)
Quick Summary
Cost is expense to produce a product while price is the amount customers pay to acquire it
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
Prime cost plus factory overhead plus admin overhead plus selling cost and marketing cost .
plus Mark up
selling price
plus Mark up
selling price
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