Cost-plus (noun) Definition, Meaning & Examples

adjective
  1. paid or providing for payment based on the cost of production plus an agreed-upon fee or rate of profit, as certain government contracts.
  2. of or relating to a cost-plus arrangement or contract.
noun
    • a method of establishing a selling price in which an agreed percentage is added to the cost price to cover profit
    • (as modifier)
Cost-plus (noun) Definition, Meaning & Examples

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