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English definition of “cost-plus”

cost-plus

adjective [before noun]
 
 
used to describe a way of charging for a product or service in which the price includes the actual cost of producing the product or providing the service and an extra amount for profit: Most of the contracts were cost-plus, allowing BNFL to make a profit however much the work cost.
(Definition of cost-plus from the Cambridge Business English Dictionary © Cambridge University Press)
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