"Net cost"

Ind. Code § 15-12-3-6, under Chapter 3. Repurchase of Farm or Industrial Machinery Inventory.

Ind. Code § 15-12-3-6

Sec. 6. As used in this chapter, "net cost" means: (1) the price a retailer paid to a wholesaler, manufacturer, or distributor for inventory; minus (2) any discounts, retainage, and prepaid freight or return freight. [Pre-2008 Recodification Citation: 15-7-7-6.] As added by P.L.2-2008, SEC.3.