purchase price

USAGE SUMMARY

'purchase price' is a correct and usable phrase in written English.
It can be used when referring to the amount of money someone paid for an item. For example: I bought the car for a purchase price of $15,000.

✓ Grammatically correct

News & Media

Formal & Business

Academia

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Bulk purchase price available.

Cornell University

The purchase price was undisclosed.

The New York Times

Purchase price: $458, with tax.

The New York Times

The purchase price includes debt.

The New York Times

They each paid half the purchase price.

The New York Times

(The purchase price was not disclosed).

The New York Times

A purchase price was not disclosed.

The New York Times

This amounted to the entire purchase price.

The Economist

Officials did not disclose the purchase price.

The New York Times

Original purchase price: about 50 bucks.

The New York Times

His purchase price was $2,450.

The New York Times

Expert writing Tips

Best practice

When discussing real estate, clarify whether the "purchase price" includes additional costs like closing costs or transfer taxes.

Common error

Don't assume the "purchase price" reflects the true market value. External factors can cause someone to pay above or below market value. Always consider appraisals and comparable sales.

Linguistic Context

The phrase "purchase price" functions primarily as a noun phrase, identifying the amount of money exchanged for a good or service. Ludwig provides examples where it's used to specify costs in real estate, acquisitions, and general transactions.

Expression frequency: Very common

Frequent in

News & Media

50%

Formal & Business

30%

Academia

10%

Less common in

Science

5%

Reference

3%

Wiki

2%

Ludwig's WRAP-UP

The phrase "purchase price" is a commonly used noun phrase that refers to the amount of money paid for something. It is grammatically correct and applicable in various contexts, as affirmed by Ludwig AI. Predominantly found in news and business settings, its purpose is to convey factual information regarding the cost of transactions. When using the phrase, ensure clarity by specifying if additional costs are included and avoid equating it directly with market value. Alternatives like "acquisition cost" or "price paid" can be used depending on the context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

price paid

Simple and direct way of indicating the amount of money exchanged in a transaction.

cost of purchase

Directly refers to the expense incurred when buying something.

final price

Indicates the ultimate cost after negotiations or discounts.

acquisition cost

Focuses on the overall cost of acquiring an asset, including associated expenses.

agreed price

Specifies that the price was mutually decided upon by the buyer and seller.

selling price

While focusing on the seller's perspective, it is referring to the agreed price.

buying rate

Emphasizes the rate or price at which something is bought, often used in financial contexts.

initial outlay

Highlights the initial investment or expenditure made during a purchase.

market price

References the prevailing price for an item or asset in the current market.

sticker price

Often used in the context of vehicles, it's the initial listed price before negotiation.

FAQs

How is "purchase price" used in a sentence?

You can use "purchase price" in a sentence like, "The "purchase price" for the house was higher than we anticipated," or "We negotiated a lower "purchase price" before signing the contract."

What's the difference between "purchase price" and "market value"?

The "purchase price" is the actual amount paid for an item, while "market value" is an estimation of what the item is worth based on current market conditions.

What are some alternatives to saying "purchase price"?

Depending on the context, you could use "acquisition cost", "cost of purchase", or "price paid" as alternatives to "purchase price".

Does the "purchase price" include taxes and fees?

The "purchase price" generally refers to the base price of the item. Taxes and fees are usually separate and added to the "purchase price" to determine the total cost.