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noun ADJ. exorbitant, high, inflated, prohibitive, steep | low | bargain, budget designer clothes at bargain prices | attractive, fair, reasonable, right We sell quality tools at the right price. | good I managed to get a good price for my old car. | average | asking, purchase What's the asking price for this house? You need to pay a deposit of 10 per cent of the purchase price of the property. | retail, sale, selling | cost They are selling off summer shoes at cost price. | full, half Children travel half price until age ten. | market This website tells you the market price of all makes of second-hand car. | admission admission prices at the museum | consumer | commodity, food, house, land, property, share | electricity, energy, fuel, oil, petrol VERB + PRICE command, fetch, go for Property in the area is now fetching ridiculously high prices. | give sb, quote sb I got a number of suppliers to quote me their best prices. | charge, set | increase, push up, raise | bring down, cut, lower, mark down, push down, reduce, slash | go up in, increase in, rise in Oil is set in go up in price. | come down in | range in, vary in These computers range in price from £1,300 to £2,000. | undercut PRICE + VERB go up, rise, shoot up, skyrocket, soar House prices went up by 5 per cent last year. Prices soared during the war. | drop, fall, go down, slump If prices slump further, the farmers will starve. | go from … to … , range from … to … , start at Prices go from $30 for the standard model to $150 for the deluxe version. PRICE + NOUN level, range | increase, rise | cut | change, movement | war | tag I got a shock when I looked at the price tag. | list | index the share price index PREP. at a/the ~ Food is available, at a price (= at a high price). I can't afford it at that price. | in ~ Cigarettes have remained stable in price for some time. PHRASES a drop/a fall/a reduction in price, an increase/a rise in price, pay a heavy price (for sth) The team paid a heavy price for its lack of preparation. | place/put a price on sth You can't put a price on happiness. | the price of freedom/success, etc. (= the unpleasant things you must suffer to have freedom, success, etc.), a small price to pay (for sth) The cost of a policy premium is a small price to pay for peace of mind.PER CENT (for more verbs)
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verb be priced ADV. highly | attractively, competitively, economically, fairly, moderately, modestly, realistically, reasonably, sensibly a wide range of competitively priced office furniture | accordingly This is considered a luxury item and is priced accordingly. PREP. at The car is priced at $60,000. | between Tickets for the concert are priced between £15 and £35. | from, to The kits are priced from £8.50 to £20. PHRASES be priced high/low The house was priced much too high.
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price noun [ countable ] the amount of money that you have to pay for something: • The prices in that shop are rather high. • You can have a two-course meal for a special price of £9.95. cost noun [ countable ] the amount of money that you have to pay for services, activities, or things you need such as food and electricity: • The cost of the two-day course is $1,295. • Many banks are raising their borrowing costs. • a sudden increase in energy costs value noun [ uncountable and countable ] the amount of money that something is worth and that people are willing to pay if it is sold: • The value of the painting was estimated at £500,000. • Fine wines may increase in value. • The shares have gone down in value.
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price ADJECTIVES/NOUN + price high • House prices in the UK are very high. low • With such low prices, there are lots of eager buyers. reasonable (= not too high ) • The price was reasonable for such good food. fair • I am sure we can agree on a fair price. astronomical (= extremely high ) • Many fans paid astronomical prices for their tickets. exorbitant/extortionate (= much too high ) • £10,000 seemed an exorbitant price for the rug. inflated (= higher than is usual or reasonable ) • People seem willing to pay inflated prices for houses in central London. house/food/oil etc prices • A poor harvest led to higher food prices. a good price (= quite high ) • Did you get a good price for your car? a bargain price ( also a knockdown/giveaway price ) (= much lower than usual ) • We sell quality cars at bargain prices. • The house is available at a knockdown price of $195,000. the market price (= the price of something on a market at a particular time ) • We think the stock’s current market price is too high. the asking price (= the amount of money that someone is asking for when they are selling something, especially a house ) • The property is worth more than the asking price. the purchase price formal (= the price that someone pays when they buy something, especially a house ) • You can obtain a loan for up to 90% of the purchase price. the retail price (= the price that the public pays for something in a shop ) • Tax is 40% of the retail price of a typical bottle of wine. the wholesale price (= the price that a business such as a shop pays to buy something ) • Wholesale coffee prices have fallen. verbs a price goes up/rises/increases • When supplies go down, prices tend to go up. a price goes down/falls/decreases • In real terms, the price of clothes has fallen over the last ten years. a price shoots up/soars/rockets (= increases quickly by a large amount ) • The price of oil soared in the 1970s. prices fluctuate (= keep going up and down ) • Gas prices have continued to fluctuate in recent months. prices start from £200/$300 etc • Ticket prices start from £39.00. prices range from £30 to £65 etc • Over 1,000 paintings will be shown with prices ranging from £50 to £5,000. put up/increase/raise a price • Manufacturers have had to put their prices up. cut/lower/reduce a price • The company recently cut the price of its best-selling car. slash a price (= reduce it by a very large amount ) • Many carpet stores have slashed prices to bring in customers. fix a price (= decide on it, sometimes illegally with others ) • Publishers are not permitted to fix prices with one another. agree on a price • Now all we need to do is agree on a price. pay a good/low etc price • I paid a very reasonable price for my guitar. get a good/reasonable etc price (= be paid a particular amount for something ) • Farmers now get a decent price for their crop. fetch a good/high etc price British English , bring a good, high etc price American English (= be sold for a particular amount of money ) • I’m sure the painting would fetch a good price in London. price + NOUN a price rise/increase • Consumers are facing more fuel price rises. a price cut/reduction • Holiday sales were down, even with drastic price cuts. a price freeze (= when prices are kept at the same level by a company or by the government ) • A price freeze on nine basic goods was announced on June 14. PHRASES a fall/drop in prices • Poor demand led to a sharp drop in prices. a rise in prices • The sharp rise in wholesale food prices will have to be passed onto customers. phrases in/outside sb’s price range (= used when saying that someone can/cannot afford to pay for something ) • Unfortunately, there was nothing in our price range. COMMON ERRORS >>> Do not say ' a convenient price '. Say a reasonable price or a fair price . price 2 verbs pay a price (= suffer ) • We paid a heavy price for our mistakes this season. come at a price ( also come at a high price ) (= involve suffering or a bad result ) • She won fame, but it came at a high price. exact a price formal (= make someone suffer ) • The success of the nation’s businesses has exacted a dreadful price from the people. adjectives a high price • Smokers often pay a high price in terms of their health. a heavy price • Any country breaking international law will be made to pay a heavy price. a terrible price • The sport can exact a terrible price from its participants. phrases something is a small price to pay (= something is worth suffering in order to achieve something more important ) • Changing his job would be a small price to pay to keep his marriage intact. adverbs highly priced (= expensive ) • The clothes shops all seemed to be full of highly priced designer clothes. reasonably priced (= not too expensive ) • The food was good and reasonably priced. moderately priced (= not expensive ) • On the outskirts of many towns, you will find moderately priced motels. competitively/keenly priced (= not expensive compared with similar things ) • Lower costs meant that Japanese exports remained competitively priced. modestly priced (= cheap ) • There are some very modestly priced artificial plants to be had. attractively priced (= not expensive ) • These figurines are attractively priced at £32.