Definition, Meaning & Synonyms
net-cost
Noun
/nɛt kɒst/
Definition
The amount that remains after all deductions have been made from the total cost.
Examples
- The net cost of the project was significantly lower than initially projected due to various savings.
- After applying the promotional discount, the net cost of the software subscription was just $50.
Meaning
Net cost refers to the final cost of a product or service after subtracting discounts, taxes, and other applicable fees.
Synonyms
- Actual cost
- Final cost
- Net expense
