AT COST Meaning and
Definition
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"At cost" is an idiomatic expression primarily used in the context of financial transactions, commerce, and accounting. The term refers to a pricing strategy or method where a product or service is sold for the exact price that it was originally acquired or produced, without any additional markup or profit margin. In other words, it represents the actual cost incurred or invested in order to obtain or create a specific item, excluding any indirect or overhead expenses.
This pricing practice often occurs between affiliated companies or within a single organization, where goods or services are transferred between departments or divisions at the same price they were initially purchased or manufactured. The purpose of selling or transferring items at cost is typically to ensure fairness, transparency, and consistency within the organization or between related entities.
"At cost" can also refer to the situation where an individual or business sells a good or service to a customer without making any profit. This may occur in special situations such as charity events, liquidation sales, or promotional campaigns where the goal is not to maximize profit but rather to achieve other objectives, such as raising funds for a charitable cause or clearing out excess inventory.
Overall, "at cost" represents a pricing approach where the final selling price is equivalent to the direct expenses associated with acquiring or producing a particular item, disregarding any additional charges or anticipated profit.
Common Misspellings for AT COST
- zt cost
- st cost
- wt cost
- qt cost
- ar cost
- af cost
- ag cost
- ay cost
- a6 cost
- a5 cost
- at xost
- at vost
- at fost
- at dost
- at cist
- at ckst
- at clst
- at cpst
- at c0st
- at c9st
Etymology of AT COST
The term "at cost" is derived from the noun "cost", which originated from the Old French word "coste" meaning "expense" or "cost". It dates back to the 14th century in English and is derived from the Latin word "costa" meaning "rib" or "side". Over time, "cost" came to refer to the amount of money required to produce or acquire something. The use of "at cost" implies selling something at the price it was acquired for, without any additional profit added.
Idioms with the word AT COST
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cost a bomb/the earth/a packet, at cost an arm and a leg/a small fortune
The idiom "cost a bomb/the earth/a packet" and "cost an arm and a leg/a small fortune" are used to describe something that is very expensive. Here are the definitions:
1. Cost a bomb: This means that something is extremely expensive, comparable to the explosive power of a bomb. It emphasizes the high cost of an item or service.
2. Cost the earth: This idiom implies that something is prohibitively expensive, as if it would require the cost of the entire planet. It emphasizes the astronomical price of something.
3. Cost a packet: This idiom suggests that something is very expensive, comparable to a large sum of money packaged together. It highlights the significant cost of the particular item or service.
4.
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at cost
"At cost" means selling something for the same price that it was purchased for, without making any profit.
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