ENG_C1.0502G
'Price' and ‘Cost'
Money Matters
Grammar & Structure
Level C1
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ENG_C1.0502G
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‘Price’ and ‘Cost’ Outline
ENG_C1.0502G
Content
Price and cost have similar meanings but are used in different ways. Price refers to
the amount of money for which something is sold, and cost refers to the amount
of money needed to buy something. Correctly learn how to use cost and price.
Learning Outcomes
• Learn the difference between ‘price’ and ‘cost’
• Learn some new vocabulary
• Use your knowledge about ‘price’ and ‘cost’ to do exercises
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Examples
ENG_C1.0502G
If the company increases the
price, the profits will rise.
The price that I paid for this
new car is unbelievable!
What is the price of these
trousers?
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Grammar
A first aid kit costs
little but can save
your life.
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ENG_C1.0502G
I don’t agree that
war is the price of
freedom.
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Grammar
ENG_C1.0502G
Please note
Price and Cost have similar meanings but are
used in different ways. Price refers to the
amount of money for which something is
sold, and cost refers to the amount of money
needed to buy something.
Examples
The cost of living in Sweden is really high.
This mobile phone will come down in price when the new
model is out.
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Grammar
ENG_C1.0502G
Please note
Price is the amount of money that a person
has to spend in order to get the product or
the service.
Price = product costs + expenses + profit
Examples
The price of the ice-cream is the amount of money
that I have to give in order to buy it.
The current price is lower than two weeks ago.
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Grammar
ENG_C1.0502G
Please note
Cost refers to the amount of money that was
paid to produce the product or service. Cost
= the sum of the value of the inputs in
production (labour, capital…)
Examples
The biggest fixed cost that I have is the rent for my flat, that I
pay every month.
She wanted to have a Porsche regardless of the cost.
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ENG_C1.0502G
Vocabulary
To expand
Share
To force
Sufficient
To deduct
Revenue
To facilitate
To finance
To consolidate
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ENG_C1.0502G
Review
1. Cost
If you don‘t have luggage you can always travel with low-cost
airlines.
2. Price
She was able to buy her coat at a good price.
3. Cost
If they say it costs nothing it must be a fraud.
4. Price
What is the price of oil at the moment?
Price refers to the amount of money for which
something is sold, and cost refers to the amount of
money needed to buy something.
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Exercises
ENG_C1.0502G
Writing
Fill in the blanks
1) _____ of living in my city is not very high.
2) It _____ nothing to be polite with people.
3) The art critic _____ the Chinese clay vase at 12
thousand euros.
4) What is the ______ of your new flat?
5) Building a new incineration plant is never free of
________.
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ENG_C1.0502G
Exercises
Writing
Match the correct sentences
1) Let me finish pricing these
items
2) I‘m ready to sell this
useless piano
3) She forgot to include the
operating costs
4) A cash price for a new car
5) They wanted to win the
war
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







at absolutely any price.
can be much lower than if
you buy it on time.
in their initial budget
and then we can go home
regardless of the cost


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Exercises
ENG_C1.0502G
Speaking
Evaluate and order the texts
 They told me that it does not cost much but it depends on
what car you’re interested in.
 I really liked the red Corvette and asked the price of a one
week rental of this car.
 They proposed a very good price and also made a discount
for me, so next week I am going to Europe.
 I always wanted to travel by car around Europe.
 So last night I went to the car rental office to find out the
price of renting a car.
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Exercises
ENG_C1.0502G
Writing
Fill in the blanks
1) He wanted to make her a present regardless of
_______.
2) The base ______ is $10,000, but if you want a good
stereo it will be even more.
3) My father was able to sell his car at a good _______.
4) I have never travelled with _______ airlines.
5) What is the _____ of living in Japan?
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Exercises
ENG_C1.0502G
Writing
Formulate sentences using these words
1) What – cost – do– a new phone - ? - . - !
2) How– TV – does – much – to cost - ? - . - !
3) You – fixed – to have – cost – do - ? - . - !
4) To hope – laptop – to buy – low price – I - ? - . - !
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Exercises
ENG_C1.0502G
Writing
Write 4 sentences using „cost“ or „price“
1) Sentence
2) Sentence
3) Sentence
4) Sentence
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Exercises
ENG_C1.0502G
Writing
Which word is correct?
Why?
1) What is the price / cost of the audio system?
2) How much does your daughter‘s phone cost / price?
3) The company has expanded and now the shipping price / cost
is twice higher.
4) What is the base price / cost of Coca-Cola shares?
5) He forced me to give him money to buy this company at actual
cost / price, while I was suggesting to him to wait.
6) It costs / prices nothing to sufficient salaries to your
employees.
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Exercises
ENG_C1.0502G
Writing
Rewrite the sentences below using price and
cost
1) How much do I need to pay for the parking here?
3) This apartment is too expensive, we cannot afford it.
5) I am giving you the best deal: 30 euro for my old guitar.
7) They want to win the war regardless of the number of victims.
9) If you want the product to be delivered tomorrow, you will
have to pay extra.
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Exercises
ENG_C1.0502G
Writing
Choose the incorrect word in the sentence
1)
2)
3)
4)
Wrong - Faulty - False - Mistaken -Right
Corruption -Purity - Bribery - Fraud - Crime
Rich - Wealthy – Well- to –do - Broke -Prosperous
Sufficient -Satisfactory - Lacking - Plentiful –
Acceptable
5) Revenue – Income – Profit – Incomings- Expense
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ENG_C1.0502G
Exercises
Writing
Assess which word fits with the example
1) Before investing all our
money we must estimate the
_______.
2) You can find bargain ______
on good used clothing in
second-hand shops.
3) What is the ______ of the
delivery if I need it to be
done today?
4) The offer _____ is 100 000
euro, but I am sure they will
take substantially less.
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 Money  Costs
 Prices
 Prices
 Costs
 Cost
 Price
 Cost
 Money
 Costs
 Price
 Prices
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ENG_C1.0502G
Exercises
Writing
Demonstrate the opposite
1) This company’s shares do
not cost a lot.
2) We must deduct the cost
of the transportation.
3) To consolidate two
companies we need to
discuss the organizational
matters first.
4) Regardless of the price I
want to buy these “Dior”
shoes.
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≠
This company‘s shares cost a lot.
≠
______________________
≠
______________________
≠
______________________
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ENG_C1.0502G
Exercises
Speaking
Categorize the words in the box
Cost nothing – Half price - Base price – Low-cost – At a good
price – Cost-effective – Bear the cost – At any cost

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

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Exercises
ENG_C1.0502G
Writing
Write 4 sentences using the expressions from
the previous slide
1) Sentence
2) Sentence
3) Sentence
4) Sentence
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ENG_C1.0502G
Thank you
We would like to thank
the following sources for their content
Images
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ENG_C1.0502G
Thank you
for choosing to learn
with
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