Definition, Meaning & Synonyms

purchase-price

Noun

/ˈpɜːr.tʃəs praɪs/

Definition

The amount of money that is required to buy something.

Examples

The purchase-price of the house was more than we expected.
Before making any decisions, we should compare the purchase-prices of these two models.
He was surprised by the purchase-price of the vintage car.

Meaning

Purchase-price refers to the total cost that a buyer pays to acquire an asset or a good. This figure can include various components such as the base price, taxes, and additional fees associated with the transaction.