Cost Plus Percentage Of Cost is a pricing strategy used by businesses to determine the price of an item or service. It involves setting the price of the product at the sum of the cost of producing it plus a certain percentage that covers things like overhead, administration, advertising, taxes and other costs. This approach helps businesses ensure that they recoup their expenses while still remaining competitive in their pricing. By using the Cost Plus Percentage Of Cost method, businesses can confidently market their products and services while also staying financially secure.