Definition of prime cost noun from the Oxford Advanced Learner's Dictionary


prime cost

BrE BrE//ˈpraɪm kɒst//
; NAmE NAmE//ˈpraɪm kɔːst//
(also first cost) [countable, uncountable] (business)
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the cost of something calculated by adding the cost of materials used to make it and the cost of paying somebody to make it, but not including costs that are connected with running a business, such as rent and electricity