Commercial Applications
Cost means:
- Revenue paid for something
- Price paid for something
- To generate expenses
- Depreciation earned
Cost
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Answer
Price paid for something
Reason — The textbook explicitly defines cost as "the price paid for something or the sacrifice made to acquire something." For example, if a book is purchased for ₹100, the cost of the book is ₹100. "Revenue paid" is contradictory (revenue is received, not paid), "to generate expenses" is the purpose of cost, not its meaning, and "depreciation earned" is meaningless (depreciation is incurred, not earned).
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