Factory price definition
Factory price means ninety percent of the manufacturer's suggested retail price of the vehicle, when new, including all improvements and modifications attached to the vehicle and all accessories and equipment used with the vehicle during the period for which registration is issued, but excludes federal excise taxes, the cost of transportation from the place of manufacture to the place of sale to the first user, mobile radio telephone equipment leased and nonstandard improvements and modifications necessary to permit operation by or transportation of persons with a mobility handicap as defined in WS 31-2-213(e);
Factory price means the price fixed by adding only the expenditure incurred in manufacturing, or manufacturing and selling and distributing, a product subject to excise duty and the profit of the enterprise, excluding the excise duty or any other tax chargeable on such product.