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Cost and price

317 views 3 replies

gaddala ramesh

166 Points Posted on 30 July 2023

Dear experts,

please explain what is the difference between cost and price

Replies (3)

Nikita Agarwal

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

CA. Sourav Sarkar

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

sabyasachi mukherjee

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

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