UrbanPro

Take Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

What is the diffence between Price and Cost?

Asked by Last Modified  

26 Answers

Learn Tuition

Follow 0
Answer

Please enter your answer

Mathswiz (Expert maths teacher)

Price is the amount a customer pays to purchase a product. Cost is the amount of money spent in producing the product. The difference between Price and Cost, if positive, gives a PROFIT and if negative, creates a LOSS.
Comments

price is for customer and cost is for producer or seller
Comments

Cost is the expense that a business incurs in bringing a product or service to market. Price is the amount a customer pays for that product or service
Comments

Price is the amount which customer pays to purchase a product and cost is the amount of money spent of producing the product
Comments

Price is what a buyer pays for a buying a product or service. The buyer can be end customer or an intermediary, like retailer, wholesaler or distributor buying it to sell further. Cost is the expenditure, directly or indirectly incurred by the seller of a product or service. The seller can be the...
read more
Price is what a buyer pays for a buying a product or service. The buyer can be end customer or an intermediary, like retailer, wholesaler or distributor buying it to sell further. Cost is the expenditure, directly or indirectly incurred by the seller of a product or service. The seller can be the manufacturer, service provider or an intermediary in sales process. read less
Comments

Price is what a customer pay for a service or product while cost is price minus profit.
Comments

Result oriented teacher

Cost is the expense that a business incurs in bringing a product or service to market. Price is the amount a customer pays for that product or service. The difference between the price that is paid and the cost that is incurred is the profit the business makes when the item sells.
Comments

Hindi tutor

Price is the original value of the product at which it is manufactured. Cost is the value at which the product is sold and cost includes all other costs as labour etc.
Comments

Yohan

price is amount which is paid by the customer to the product and cost is the amount which is paid to produce the product
Comments

Price = Cost / demand. Cost you all know is total of variable plus fixed costs in producing a product or providing a service. Price is what the demand demands or It may be the amount customer is willing to pay. A smartphone can be sold at any price if demand is higher .Suppose when there will be...
read more
Price = Cost / demand. Cost you all know is total of variable plus fixed costs in producing a product or providing a service. Price is what the demand demands or It may be the amount customer is willing to pay. A smartphone can be sold at any price if demand is higher .Suppose when there will be scarcity of water on earth then it will be sold at 10,000 rs a bottle. So price is demand driven & demand is either created by self due to higher consumption or invoked in consumers mind. read less
Comments

View 24 more Answers

Related Questions

Is MBBS difficult?
It is a professional course, and you must get a very good knowledge of human body. To treat patients, If you start loving the course, that will help you to become a great doctor... All the best..
Saurabh
0 0
8
How student will know that I teach at home?
Are you asking a question?? I think you've got an option where in your profile information you've go to mention the exact area of location. This is displayed on the Google Map. Your cell number being given,...
Agnijita
0 0
8

What is Subtropical forest?

Tropical and subtropical moist broadleaf forests, also known as tropical moist forests, are a tropical and subtropical forest biome, sometimes referred to as jungle
Anupamasuresh
give me best coaching center in karnal of bca if anyone person who will give me best guideces with studies
you can search by google also. but best will be to touch your senior for best answer.
Rajattyagi
I teach accounts from class 11th to 12th and all three years of B.Com in jaipur interested students can contact
Hi Kavithayini, To begin with Appologies to both of you for breaking in between your conversation. Well I do take online classes let me know if I can be of any help to you. @Mr.Nitshill Thank you for your question.?? Regards, Vishal Jain
Nitesh
0 0
6

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Class and Objects in Java
Class is a template or a blueprint which is used to describe an object. On other hand Object is a reference of a class which follows all the stuff written inside the class. How about taking the whole tour in the following video

Current and voltage distribution
a) A current flowing in a wire of a length related to the RF produces an electromagnetic field. This field radiates from the wire and is set free in space. The principles of radiation of electromagnetic...

For those who have very little knowledge on English but try to learn English very quickly.
For those who have very little knowledge on English but try to learn English very quickly, I would say to you: First of all be confident. Learn the basics of tenses from some friends. Know some common...

Proposed 18% GST Rate To Not Impact Home Prices.
While a final decision on the rates is yet to be taken, the rating agency said the final rates to be notified would be the key determinant of the impact of GST on the sector New Delhi: The proposed...
F

Consignment Meaning & Features
Meaning & Features Of Consignment Meaning: Consignment means the transaction of sending goods by one person (called CONSIGNOR) to another (called CONSIGNEE) who is to sell those goods on behalf of...
F

Recommended Articles

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

Read full article >

With the mushrooming of international and private schools, it may seem that the education system of India is healthy. In reality, only 29% of children are sent to the private schools, while the remaining head for government or state funded education. So, to check the reality of Indian education system it is better to look...

Read full article >

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

Looking for Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Tuition Classes?

The best tutors for Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Tuition with the Best Tutors

The best Tutors for Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more