The correct spelling of the expression "full price" is /fʊl praɪs/. The word "full" is spelled with a double 'l' to indicate the vowel in the first syllable is pronounced with a short 'u' sound. The second syllable is spelled as it sounds, with a single 'l'. The word "price" is spelled as it sounds, with the vowel in the first syllable pronounced like the 'i' in 'eye' and with an 's' ending. This spelling is standard in both British and American English.
Full price refers to the total amount that a product or service is offered for, without any discounts, promotions, or reductions applied. It implies the standard, original, or regular price set by the seller or provider, without any deductions or concessions. When an item is sold or offered at full price, it means that no other price reductions or special offers are applicable, and the buyer is required to pay the complete amount mentioned.
The concept of full price is commonly associated with retail industries, where it signifies the highest cost at which a product is available for purchase. This price represents the cost of production, distribution, and profit margin for the retailers, as opposed to the discounted or sale prices that may be applied during certain periods. Full price is often used by businesses to generate revenue, maximize profit, and maintain a consistent pricing strategy.
Full price holds significance in consumer transactions, as it serves as a benchmark against which discounted prices are evaluated. It helps buyers make informed decisions, as they can compare discounted prices to the original price, determine the level of discount, and assess the value they are receiving. Additionally, full price can be an indication of the quality, exclusivity, or premium nature of a product or service.
In conclusion, full price refers to the complete amount without any deductions or discounts that a product or service is listed or sold for. It represents the original cost set by the seller and serves as a reference point for evaluating discounted offers.
The word "full price" originated from the Old English word "full" meaning "complete" or "entire". In this context, "full" refers to the complete or total amount of something. The word "price" comes from the Old French word "pris", meaning "value" or "worth". Together, "full price" refers to the complete or entire value or worth of an item, without any discounts or reductions applied.