MARKED PRICE Meaning and
Definition
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The term "marked price" refers to the original selling price of a product or service as indicated by the seller or retailer. It is the price at which an item is labeled or marked for sale. The marked price serves as a reference point for both the seller and the buyer, showcasing the initial value of the product before any discounts, negotiations, or promotions are applied.
The marked price is typically displayed directly on the product itself, on price tags, or on signs in retail stores. It is an essential aspect of price transparency, enabling customers to make informed purchasing decisions based on the displayed price.
However, the marked price often acts as a starting point for bargaining and negotiations, particularly in markets where haggling is common. In such cases, customers may request discounts or negotiate a lower price with the seller, resulting in a final selling price that is different from the marked price.
It is important to note that the marked price does not always represent the final price paid by the customer. Retailers may offer discounts, promotional offers, or price adjustments based on factors such as customer loyalty, bulk purchases, or seasonal sales. The difference between the marked price and the final selling price reflects the extent of such adjustments and can vary from product to product and from store to store.
Common Misspellings for MARKED PRICE
- narked price
- karked price
- jarked price
- mzrked price
- msrked price
- mwrked price
- mqrked price
- maeked price
- madked price
- mafked price
- matked price
- ma5ked price
- ma4ked price
- marjed price
- marmed price
- marled price
- maroed price
- maried price
- markwd price
- marksd price
Etymology of MARKED PRICE
The etymology of the word "marked price" can be traced back to the Middle English and Old English periods. The word "mark" originated from the Old English word "mearc", which referred to a boundary, limit, or sign. Over time, it evolved to also mean a target or goal. This sense of a mark or sign indicating a specific value or price was later incorporated into the term "marked price", which is commonly used to denote the original price or value assigned to a product or item before any discounts or negotiations.
