What is the Difference among COST,PRICE and VALUE?

Answer Posted / shalini

Cost:- Cost refer to Production Cost
Price:- Price include a fixed % of profit
Value :- on a particular time what's the Value for that product.Example:- 100/- is production cost of scientific calculator market price is 120/- including fixed % of profit & other transaction charges, after 1 year its value is Rs/- 50 (excluding depreciation).

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