How Do You Spell BASE PRICE?

Pronunciation: [bˈe͡ɪs pɹˈa͡ɪs] (IPA)

The term "base price" refers to the initial cost of a product or service without any additional charges or fees. In phonetic transcription, "base" is pronounced as /beɪs/ with the "b" sound at the beginning followed by the long "a" sound and a soft "s" sound at the end. "Price" is pronounced as /praɪs/ with a stressed long "i" sound and a "s" sound at the end. The correct spelling of "base price" is important when discussing costs and is often used in business transactions.

BASE PRICE Meaning and Definition

1. Base price refers to the initial or fundamental cost of a product or service before any additional charges, fees, or taxes are applied. It represents the minimum amount for which an item can be purchased or a service can be obtained, and it serves as the starting point for calculating the total price. The base price typically excludes any optional add-ons, customizations, or upgrades that may incur additional expenses.

   The base price is an essential component in various industries, such as retail, real estate, and automotive, where it forms the foundation for determining the final cost. In retail, for instance, it is the basic cost of a product before any sale or promotional discounts are deducted. Similarly, in real estate, the base price signifies the initial value of a property without factoring in any expenditures related to taxes, closing costs, or additional features.

   It is important to note that the base price is often subject to external factors such as market demand, supply, and competition. These influences can result in fluctuations in pricing or deviations from the initial base price. Additionally, it is crucial for consumers to be aware of any additional charges or fees beyond the base price to accurately calculate the total cost of a product or service.

Common Misspellings for BASE PRICE

• vase price
• nase price
• hase price
• gase price
• bzse price
• bsse price
• bwse price
• bqse price
• baae price
• baze price
• baxe price
• bade price
• baee price
• bawe price
• basw price
• bass price
• basd price
• basr price
• bas4 price
• bas3 price

Etymology of BASE PRICE

The etymology of the word "base price" can be traced back to the Old French word "bas", which means low or lowly. "Bas" originated from the Latin word "bassus", meaning low or deep. The word "price", on the other hand, has its roots in the Latin word "pretium", which means value or worth. Therefore, the term "base price" presumably emerged as a way to refer to the starting or initial value of a product or service, which could be considered as the lowest or most fundamental price.