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basic price

basic price

1 3.2
The amount a seller charges before adding sales tax or VAT, including any government help the seller gets
  • noun
  • Specialized
translation icon : precio básico
  • The basic price of the furniture was $500 before tax and any additional fees.
  • percent of the basic price

Examples

  • I knew the basic price I was going to pay and the most likely outcomes.

    Blog text (26)
  • I think we have to decide on a basic price first and then I could know how I can accommodate the frills.

  • For practical considerations, a $5/b increase on the basic price is incorporated for every five years; thus, scenario II is based on $20, $25, $30, and $35 during 2000-2004, 2005-2009, 2010-2014, and 2015-2019, respectively.

    Academic text (2001)
  • Make sure to check the basic price of the service before adding extra options.

  • When purchasing a car, it's important to know the basic price to understand the total cost.

Antonyms

14 1.8

The amount a customer pays in a store that includes the store's extra charge

How High

premium
74 4.3
standard
675 2.7
list price
7 2.5
basic price
  • Specialized
1 3.2
low price
52 1.0

Surface Forms

basic price singular
basic prices plural

Morphology

basic + price

The phrase is compositionally interpretable — 'basic' modifies 'price' to signal a core or base cost, so a B1 learner who knows both words would probably infer it means the initial/fundamental price. However, the detailed fiscal meaning (specifically excluding VAT/sales tax and including subsidies) is a technical accounting specification not predictable from the constituents alone, so full understanding requires domain knowledge.

Etymology

Basic price comes from the picture of a simple price tag showing the base amount: basic means the starting level and price is the amount on the tag. So the basic price is the starting amount you see 'before tax' and that already includes any government help the seller receives.