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Cost Plus Pricing: Definition, Method, Formula & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is cost-plus pricing?

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1. What information is needed to calculate cost-plus pricing?

2. How is cost-plus pricing used for services?

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About This Quiz & Worksheet

This quiz and worksheet will assess your knowledge of cost-plus pricing. You'll need to grasp topics like defining cost-plus pricing and recognizing the information needed to calculate cost-plus pricing.

Quiz & Worksheet Goals

Use these study tools to assess what you know about the following:

  • Understand how cost-plus pricing is used for services
  • Identify a benefit of cost-plus pricing
  • Recognize a challenge of cost-plus pricing

Skills Practiced

This quiz and worksheet will measure the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Interpreting information - verify that you can read information regarding how to calculate cost-plus pricing and interpret it correctly
  • Information recall - access the knowledge you've gained regarding how cost-plus pricing is used for services

Additional Learning

Read more about cost-plus pricing with this lesson entitled Cost-Plus Pricing: Definition, Method, Formula & Examples. The lesson will cover the following objectives:

  • Understand the formula for cost-plus pricing
  • Evaluate examples of the method
  • Understand how to arrive at the price of producing certain materials
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