Replacement rate mena??

Replacement Cost  : The price that will have to be paid to replace an existing asset with a similar asset.

Mark up price : It is the difference between cost price and selling price

 COST PRICE + MARK UP = SELLING PRICE

HIFO :  an inventory distribution method in which the inventory with the highest cost of purchase is the first to be used or taken out of stock. This will impact the company's books such that for any given period of time, the inventory expense will be the highest possible.