selling price


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Price

The value of a thing with real or perceived worth. Price represents the amount of value the market has assigned, fairly or unfairly, to a good or service. Normally, prices are expressed in terms of money, but practices such as countertrade and PIK securities indicate that prices may be expressed in goods: "four chickens for two sheep." Price is a necessary component of trade.

Prices tend to be regulated by the law of supply and demand; that is, a price of a good or service increases with smaller supply and/or greater demand. A corollary to this is the idea that commoditization drives prices down because it increases supply (sometimes vastly) while leaving demand the same. Prices likewise rise when the value of money declines. Governments can and have controlled the prices of certain goods and services by subsidy or decree. This is usually an anti-inflationary measure and tends to distort, rather than eliminate, the law of supply and demand. It is thus not generally sustainable as a mechanism for controlling price.

selling price

the PRICE at which a firm offers a product for sale. Selling price is usually set at a level that covers PRODUCTION and SELLING COSTS and an appropriate PROFIT MARGIN.
References in periodicals archive ?
8 million in six months due primarily to selling price increases, acquisitions and higher paint sales volume.
A discount may be based on a retailer's sales volume (sales-based allowance) or on the quantity of merchandise a retailer purchases (volume-based allowance), or it may relate to a retailer's reduction in retail selling price (markdown allowance or margin protection payment) (preamble to REG425949-10).
Overall, the Chicago real estate market bucked the national trend by showing a slight increase in the average selling price of a single-family home from 2006 to 2007.
The steel giant said it expected demand to pick up in the second half of the year, although the benefits of improved selling prices were likely to countered by further rises in the cost of raw materials.
Forty-eight counties reported gains in median selling price in 2004 compared to 2003 with the greatest percentage increases being post in Lewis (32.
The cost system could then easily calculate a suggeste selling price based on the desired profit and the casting cost.
The current levels of international oil prices and INR-USD exchange rate warrant a decrease in selling price of petrol in the domestic market.
471-8 allow retailers to approximate (1) cost (retail-cost method) or (2) cost or market, whichever is lower (retail-LCM method), by multiplying the retail selling price of ending inventory by the cost-to-retail ratio.
Summary: Abu Dhabi National Oil Company (ADNOC) has lowered the June retroactive selling price of its benchmark Murban crude by $1.
The average selling price for the quarter increased from $339 per ton to $552 per ton, or 63 percent, compared to the first quarter of last year.
It is currently available in AT&T's 360 Phone Centers and in retail stores for a suggested selling price of $99.
Prices moved higher, with selling price per room improving nearly $1,700, to $15,736.