Definition, Meaning & Synonyms

base-price

noun

/beɪs praɪs/

Definition

The fundamental price of a product, service, or asset before any additional costs, taxes, or charges are applied.

Examples

The base price of the car excludes any optional features or upgrades.
Investors should consider the base price when evaluating the total cost of an asset.
Before the sale, the retailer displayed both the base price and the final price after discounts.

Meaning

Base price refers to the starting price of a product or service, serving as the foundation for any further pricing adjustments or changes that may occur.