My question regarding cost point of view?

I
Irfan Khan 👤 Member for 16 years 10 months

 

I would like to know or any definition as follows:

1 – Dry Cost

2 – Mark up

3 – Benefit of Profit

4 – Selling Cost

Because I joined a meeting before couple of week there they were discussing on these topics so in this regard I would like to clear my concept.

 

Thanks in advance ……

M
Mike Testro 👤 Member for 20 years 5 months

Hi Irfan

In my experience you will never loose face if you ask for any clarification at a meeting.

It means that you are paying attention and are making a meaningful contribution.

Meanwhile:

1. Dry Cost - I have no idea - maybe Net Cost

2. Mark Up - the percentage added to cover profit and overheads and any risk factor

3. Benefit of Profit - Weird expression - could be Net Profit

4. Selling Cost - Could be the cost of Marketting or the Selling Price or anything else.

Best regards

Mike Testro

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