Definition, Meaning & Synonyms
retail-price
noun
/ˈriːteɪl praɪs/
Definition
The retail price is the amount a consumer pays for a product at a store or online, which includes the cost to the retailer and any applicable markup, taxes, or fees.
Examples
- The retail price of the new smartphone is $999.
- She checked the retail price before deciding to buy it online.
- During sales, the retail price can drop significantly.
Meaning
It refers to the final price at which goods are sold to the public, as opposed to wholesale prices that retailers might pay to suppliers.
Synonyms
- selling price
- market price
- list price
