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What does net price mean?

Net price is the cost that customers are willing to pay for a product or service. It not only includes the product's list price but the taxes and discounts applied to a product. For example, a product with a $100 list price in a state with 7% sales taxes adds $7 to that price, as 7% of $100 is $7.

What is a synonym for price?

Synonyms for price include amount, cost, expenditure, expense, and pay. When cost and price refer to an amount we pay for something, they are virtually interchangeable. For example, the phrase the total cost is $27 is the same as the total price is $27. You can also say, we couldn’t afford the cost of a new car or the price of a new car.

What is a list price?

The list price or headline price is the cost you set to interest buyers in your products or services. When reading newspapers or checking online, customers find the list price, which may vary depending on the dealers.

What does cost mean in business?

Cost refers to “tthe expense incurred for making a product or service that is sold by a company,” according to Investopedia. “The cost of producing a product has a direct impact on both the price of the product and the profit earned from its sale.” So cost is a measure of what the company or business spent to produce a product before it can be sold.

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