Dear experts,
please explain what is the difference between cost and price
3 Replies
Nikita Agarwal
(Semi Qualified CA)
(3208 Points)
Replied 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 )
(24583 Points)
Replied 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
(27574 Points)
Replied 03 August 2023
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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