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    dsearle93's Avatar
    dsearle93 Posts: 2, Reputation: 1
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    #1

    Jun 2, 2010, 05:33 AM
    Budget income statement
    What is the difference between retail price and cost price?
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
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    #2

    Jun 2, 2010, 05:59 AM

    Retail price is typically the maximum price that the item would sell for in a store. Cost price is what it actually sells for.

    So what does your question have to do with your "budget income statement"?

    If you are more clear about what you are looking for, we might be able to help further.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Jun 11, 2010, 12:06 AM

    I think within the context, "cost price" is probably referring to the company's cost of the item to buy it, versus the retail price which is the selling price. And yes it would be relevant to a budgeting income statement because both numbers would appear on it.
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