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QUICK ANSWER
"Precio" is a form of "precio", a noun which is often translated as "price". "Costo" is a form of "costo", a noun which is often translated as "cost". Learn more about the difference between "precio" and "costo" below.
el precio(
preh
-
syoh
)A masculine noun is used with masculine articles and adjectives (e.g., el hombre guapo, el sol amarillo).
1. (cost)
a. price
El precio del curso de japonés se me hace muy caro.The price of the Japanese course seems really expensive to me.
c. fare (transportation)
El precio del autobús es más barato que el del tren.The bus fare is cheaper than the train fare.
2. (sacrifice)
el costo(
kohs
-
toh
)A masculine noun is used with masculine articles and adjectives (e.g., el hombre guapo, el sol amarillo).
1. (finance)
2. (colloquial) (hashish) (Spain)
A word or phrase that is commonly used in conversational speech (e.g., skinny, grandma).
Regionalism used in Spain
a. hash (colloquial)
A word or phrase that is commonly used in conversational speech (e.g., skinny, grandma).
Le pregunté si me podía conseguir costo.I asked him if he could get me some hash.