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English definition of “cost price”

cost price

noun [C or U]
 
 
COMMERCE
the amount of money that is spent to produce goods or services before any profit is added for the manufacturer or producer, or the price that a store, etc. pays for goods that it is going to sell: Some discounters are selling products at below cost price.
→ See also cost, buying price, selling price, cost
(Definition of cost price from the Cambridge Business English Dictionary © Cambridge University Press)
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