How Do You Spell QUOTED PRICE?

Pronunciation: [kwˈə͡ʊtɪd pɹˈa͡ɪs] (IPA)

The language of business often involves quoting prices and specifying costs. But have you ever wondered about the spelling of the word "quoted price"? Its pronunciation can be explained using the International Phonetic Alphabet (IPA): /ˈkwəʊ.tɪd/ The first syllable is pronounced "kwo," with a long "o" sound. The second syllable sounds like "tid," with a short "i" sound. This helps us spell the word correctly and communicate effectively when discussing financial matters. Remembering the correct spelling can help avoid confusion and ensure clarity in communication.

QUOTED PRICE Meaning and Definition

1. Quoted price refers to the specific amount of money that is stated or offered by a seller or provider for a product, service, or investment. It represents the negotiated or advertised cost of an item or service at a given point in time. The quoted price is usually expressed in a specific currency and remains valid for a particular period, as stated by the seller.

   In the context of buying and selling, a quoted price is critical for businesses and consumers to determine the affordability and feasibility of a purchase. It serves as a reliable reference point and a key factor influencing decision-making processes. Quoted prices are typically provided in various industries, such as retail, real estate, financial markets, and services.

   These prices can vary based on factors like supply and demand, market conditions, competition, production costs, and other external influences. Sometimes, quoted prices may also include associated costs, such as taxes, fees, or additional charges.

   Quoted prices are commonly communicated through various mediums, including printed materials, websites, advertisements, and sales representatives. As such, it is essential for potential buyers to compare and evaluate different quoted prices from multiple sources to make informed decisions and secure the best possible deal.

Common Misspellings for QUOTED PRICE

• 1uoted price
• 2uoted price
• wuoted price
• auoted price
• qyoted price
• qhoted price
• qjoted price
• qioted price
• q8oted price
• q7oted price
• quited price
• qukted price
• qulted price
• qupted price
• qu0ted price
• qu9ted price
• quored price
• quofed price
• quoged price
• quoyed price

Etymology of QUOTED PRICE

The etymology of the word "quoted price" can be broken down as follows:

"quote" - The word "quote" comes from the Latin word "quotare", which means "to mark (a book) with chapter and verse numbers". In English, it evolved to mean "to reproduce the words of someone else" or "to refer to someone's words or authority". This eventually extended to pricing, where it refers to providing an estimated cost or price.

"price" - The word "price" comes from the Old French word "pris" meaning "value, worth, reward". It ultimately derives from the Latin word "pretium", meaning "price, value, worth".

When combined, "quoted price" refers to the specific value or cost communicated by someone, often in a formal or written manner.