assumed price

USAGE SUMMARY

The term "assumed price" is correct and commonly used in written English.
It is often used to refer to the estimated (or assumed) value of something. For example, "The assumed price of the property was $200,000, but it ended up selling for much more."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

8 human-written examples

Our results coincide with this, although we model a bargaining outcome in contrast to the usually assumed price setting behavior.

European Journal of Health Economics

The score of social implications was associated with a lower anticipated acceptance of OCVs irrespective of the assumed price of the vaccine (Tables 2– 3, index model).

BMC Public Health

Please try to do this before you begin shopping and get too attached to an item and upset about it's assumed price.

WikiHow

a Assumed price elasticity of water.

International Journal of Energy and Environmental Engineering

The payback time would reduce to 2.7 years only with an assumed price difference LNG/HFO of 1.05 instead of the original 1.1.

Journal of Shipping and Trade

We found a strong and consistent association of the score with OCV acceptability irrespective of the assumed price (Tables 2– 3, index model).

BMC Public Health

Human-verified similar examples from authoritative sources

Similar Expressions

52 human-written examples

To the contrary, IndyMac made many loans on terms that implicitly assumed prices would keep rising.

The New York Times

For genotype 3, sofosbuvir-ledipasvir-ribavirin cost $73 000 per QALY, sofosbuvir-ribavirin was more costly and less effective than usual care, and sofosbuvir-daclatasvir cost more than $396 000 per QALY at assumed prices.

Harvard University

Moreover assumed prices (fees and material and laboratory costs) may likewise vary.

Health Economics Review

The estimated price of $35 a tonne is even lower than the conservative forecast from December's budget update, which assumed prices would fall to $60 a tonne.

BBC

With the assumed prices of the co-products, utilization of the excess solid residue for heat and power production was highly economically favourable.

Biotechnology for Biofuels

Expert writing Tips

Best practice

When using "assumed price" in financial modeling, clearly state the basis for your assumption, such as market research or historical data. This enhances transparency and credibility.

Common error

Avoid using "assumed price" interchangeably with "actual price." An assumed price is a hypothetical or estimated value, while an actual price is the real transaction price. Always differentiate between the two to prevent misunderstandings.

Linguistic Context

The phrase "assumed price" functions as a noun phrase, where "assumed" acts as an adjective modifying the noun "price". It indicates a price that is taken as a given or hypothesized for the purpose of calculation or discussion. As Ludwig AI confirms, the phrase is grammatically correct and commonly used.

Expression frequency: Uncommon

Frequent in

Science

33%

News & Media

33%

Formal & Business

33%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "assumed price" is a grammatically sound and frequently used term, mainly in news, science and formal/business context, to describe a price taken as a given for calculations or discussions when the actual price is unknown. According to Ludwig AI, the phrase is correct and commonly used. When using "assumed price", it is crucial to differentiate it from the "actual price" and to clearly state the basis for the assumption to ensure transparency and accuracy. Alternatives such as "estimated price", "projected price", and "hypothetical price" can be used depending on the specific context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Estimated price

This phrase is more direct in conveying that the price is an estimate rather than an assumption.

Projected price

This implies a forecast or prediction of what the price will be, often based on data or trends.

Hypothetical price

This phrase emphasizes that the price is a supposition or a theoretical value used for modeling or analysis.

Expected price

Focuses on the price that is anticipated or predicted.

Anticipated price

Similar to 'expected price' but can also suggest a proactive consideration of future pricing.

Assumed cost

While 'price' often refers to what a seller asks, 'cost' refers to what a buyer pays. They are very close in meaning and often used interchangeably.

Nominal price

Suggests a price that is stated but may not reflect the real or adjusted value.

Stated price

Indicates the price that has been formally declared or presented.

Presumed price

Similar to 'assumed price' but may carry a stronger connotation of taking something for granted without verification.

Target price

Suggests a price that is being aimed for or considered as a goal.

FAQs

What does "assumed price" mean?

The phrase "assumed price" refers to a price that is used as a basis for calculations or decisions, often when the actual price is not yet known or is subject to change. It's a hypothetical or estimated value considered for planning or analysis purposes.

How to use "assumed price" in a sentence?

You might say, "The company's financial projections were based on an assumed price of $50 per barrel of oil" or "The feasibility study used an assumed price to estimate potential profits."

What are some alternatives to "assumed price"?

You can use alternatives like "estimated price", "projected price", or "hypothetical price" depending on the specific context.

When is it appropriate to use "assumed price" in writing?

Use "assumed price" when you are discussing a price that is not definitive but is being used as a placeholder for planning, analysis, or modeling. Make sure to clarify that it is an assumption and not a confirmed value.