"Have you wondered how businesses make profits for their company? Cost-based pricing is the practice of setting prices based on the cost of the goods or services being sold. A profit percentage or fixed profit figure is added to the cost of an item, which results in the price at which it will be sold. Cost-based pricing is a popular pricing choice among manufacturing organizations. This strategy has two pricing methods: cost-plus and break-even pricing. Though both these pricing methods is done differently, it is beneficial to the businesses as they are both simple and ensures that production and overheard costs are covered. Apart from this, it also ensures a steady rate of profit. Click on the designs below to know more!"

Rayhan E.R

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