Meaning of the word "cost price" in English
What does "cost price" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
cost price
US /kɔst praɪs/
UK /kɒst praɪs/
Noun
the price at which a manufacturer or wholesaler sells something to a retailer, or the price at which a retailer buys something from a wholesaler
Example:
•
The store sells the product at a 20% markup from its cost price.
•
To calculate profit, you subtract the cost price from the selling price.
Related Word: