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 ?
3 million in the quarter due primarily to unfavorable currency translation rate changes partially offset by selling price increases 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.
Many foundries simply take the cost of the casting and mark it up a certain percent to arrive at its selling price, evaluating each part's price by the highest percent markup.
Estimation of the selling price Manufacturing cost breakdown Estimation of the Selling Price
Cost-to-retail ratio under the retail-LCM method: The preamble to the proposed regulations explains that, under the retail-LCM method, a reduction in retail selling price reduces the value of ending inventory in the same ratio as 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.
Prices moved higher, with selling price per room improving nearly $1,700, to $15,736.
advertising or sales commission) on a per unit basis is $1, and your selling price to wholesalers will be $3.
Contrary to popular opinion, an appropriate and equitable selling price can be found quickly and inexpensively for most small practices, with relatively little need for complex analysis or valuation consultants.