cost-based pricing

  

Definition

A pricing method in which a fixed sum or a percentage of the total cost is added (as income or profit) to the cost of the product to arrive at its selling price.

Use cost-based pricing in a sentence

  • The cost-based pricing method allowed us to view the information with regards to our product's sales in comparison to other metrics.

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  • With so much competition in the jelly bean market, we had to move from a value based pricing model to a cost-based pricing valuation method.

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  • You may want to try and use cost-based pricing so that you can get the most out of your product when they sell.

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