total purchase amount

USAGE SUMMARY

"total purchase amount" is a correct and usable phrase in written English.
It is most commonly used in business and financial contexts, such as when itemizing purchase information on an invoice. For example, "The total purchase amount of $200.00 includes tax and shipping."

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified examples from authoritative sources

Exact Expressions

3 human-written examples

Seven business owners pitched in for a total purchase amount reported by Turkish daily Today's Zaman to be around $700 million.

The Washington Post

There are some caveats: the total purchase amount must be at least 100 yen ($0.90), the maximum weight of a delivery is 2kg, and the service is operational between 8 30am and 3pm due to safety.

TechCrunch

Gas station pumps display the total purchase amount including tax; stop the pump at $XX.01 and bank 99 cents.

WikiHow

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

Neither company has disclosed the purchase amount.

European Journal of Futures Research

Input the customer's purchase amount.

WikiHow

In this scenario, the total accumulated amount at time (t = M) is less than the total purchase cost.

Journal of Industrial Engineering International

The total purchase price for these acquisitions was $18.5 million in mostly stock, but a small amount of cash.

TechCrunch

Total purchase and renovation cost:$3.5 million.

Forbes

Average premium paid by the investor to purchase a total of 35,000 calls at the July $37 strike price amounts to approximately $0.29 per contract.

Forbes

This amounted to the entire purchase price.

The Economist

Chiang paid duties and the notary's fee totalling around 7% of purchase price, a standard amount.

BBC

Expert writing Tips

Best practice

When using "total purchase amount" in financial documents, ensure it accurately reflects all applicable taxes, fees and discounts to avoid ambiguity.

Common error

Avoid confusing the "total purchase amount" with a pre-approved budget. The former is the final cost, while the latter is a spending limit set beforehand.

Linguistic Context

The phrase "total purchase amount" functions as a noun phrase, typically used to specify the final cost of a transaction. It quantifies the monetary value exchanged during a purchase. Ludwig AI confirms this phrase is correct and usable in written English.

Expression frequency: Uncommon

Frequent in

News & Media

33%

Wiki

33%

Science

33%

Less common in

Academia

0%

Encyclopedias

0%

Formal & Business

0%

Ludwig's WRAP-UP

In summary, "total purchase amount" is a grammatically correct noun phrase used to indicate the final cost of a transaction. Ludwig AI confirms its usability in writing. While not exceptionally frequent, it commonly appears across various contexts including news, wiki articles, and scientific publications. For alternative expressions, one may consider "overall cost of acquisition" or "aggregate expenditure" depending on the specific tone and context desired.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

overall cost of acquisition

This alternative emphasizes the final expense incurred to acquire something, highlighting a higher degree of formality.

aggregate expenditure

This alternative uses more formal language to denote the combined spending.

total spending

This focuses on the action of spending rather than the specific context of a purchase.

final bill

This refers to the concluding invoice amount.

complete cost

This alternative highlights the all-inclusive nature of the cost.

gross payment

This alternative puts emphasis on the fact that the payment is gross.

full price

This alternative emphasizes the standard price, rather than a discounted one.

combined expenses

This alternative focuses on the combination of different expenses.

final payment total

This alternative emphasizes that the payment is final.

total outlay

This alternative is a more formal term for the total expenditure of funds.

FAQs

How is "total purchase amount" used in accounting?

In accounting, "total purchase amount" is used to record the final cost of goods or services acquired, including all applicable taxes and fees. It's a crucial figure for tracking expenses and determining profitability.

What's the difference between "total purchase amount" and "subtotal"?

The subtotal is the cost of goods or services before taxes and fees. The "total purchase amount" is the final cost after all additions are included.

What are some alternatives to "total purchase amount"?

Alternatives include "overall cost of acquisition", "aggregate expenditure", or "final bill", depending on the context.

How do I calculate the "total purchase amount" for online transactions?

For online transactions, the "total purchase amount" typically includes the item price, shipping costs, and any applicable sales tax. It's usually displayed clearly before you finalize your order.