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Old 06-17-2006, 03:45 AM   #1
dthomsen8
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Default Price or cost?

Price or cost? Or the plurals, prices or costs? What is the difference?

To me, the numbers I see in the paper or the web with a $ sign (or other currency symbol) offering to sell me items or a services are prices.

If I have a business selling items or services, the prices I pay for the items or services are my costs, and what I ask for the items or services are my prices.

The difference, my prices less my costs, are my profits, or maybe my losses.

What annoyed me enough to post a new thread here is the use of the word "costs" for what are, to me, just prices.

Dictionary definitions did not help me in making this distinction, so I am placing it before this forum for comment.
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