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Q: What is the difference between price and average cost?

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Profit contribution

whats the difference between cost and list?

In Fifo method stock and price of material is used as per first in first out basis while in average cost method all materials cost is merged and calculated the average price of units of material and that price is used. In average method there is no difference between what material was already in stock and what have come in stock later.

difference between actual cost and potential price

The difference between net price and gross price is that gross price refers to the total cost while net price refers to the cost after deducting expenses. Expenses can be operating costs and such.

Real cost is the price which is real not a fake price

Profit:If the selling price(S.P.)of an article is greater than the cost price(C.P.), the difference between the selling price and cost price is called a profit. loss:If the selling price (S.P.) of an article is less than the cost price(C.P.),the difference between the cost price and selling price is called loss.

they cost the same

Profit or Loss is always calculated on the cost price.Cost price (C.P.): price on which an item is purchased.Selling price (S.P.): price on which an item is sold.Profit: If the selling price is more than the cost price, the difference between them is the profit incurred. Selling Price (SP) > Cost Price (CP) → ProfitLoss: If the selling price is less than the cost price, the difference between them is the loss incurred. Selling Price (SP) < Cost Price (CP) → Loss

The average price to go bowling in 1954 was between 3 to 5 dollars. That is a major difference from the price of bowling in 2014 which is about 20 dollars.

Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.

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