hey, what do you call the price it takes to make a product? im doing a project and i cant find that word. help

Question

like nike costs $70 at the stores but it costs like $3 bucks to make what do you call that price [$3] ?
i know $70 - retail price
but i dont know what the othere one's called
$3 - ****** price?

Answer 1

Manufacturing or Production Cost.
(Includes materials, freight in, labor)

Then the "Wholesale" price to a retailer or distributor.
(Includes production cost, overhead, salesmen commissions, any other operating costs, plus markup)

Answer 2

Production Cost?
Manufacturing Cost?

Answer 3

I believe it's called your production cost. The cost you sell it for is"the mark-up price".
elisayn