cost-plus

[kawst-pluhs, kost-]

adjective

1. paid or providing for payment based on the cost of production plus an agreed-upon fee or rate of profit, as certain government contracts.

2. of or relating to a cost-plus arrangement or contract.

cost-plus

noun

1. 1. a method of establishing a selling price in which an agreed percentage is added to the cost price to cover profit

   2. ( as modifier )

      cost-plus pricing

Word History and Origins

Origin of cost-plus¹

First recorded in 1915–20