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The phrase "the cost" is correct and usable in written English
It can be used when referring to the amount of money spent on something, such as "The cost of the new sofa was quite high."
Dictionary
the cost
noun
Amount of money, time, etc. that is required or used.
synonyms
Exact(60)
The cost?
The cost is enormous.
One is the cost.
The cost conundrum persists.
The cost is alarming.
Taxpayers bear the cost.
The cost to taxpayers?
Then there's the cost.
The cost? 23 dollars.
The cost is vast.
The cost: about $300.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com