trade price

A shopkeeper checks the trade price on a new shipment of goods.

Definition

1. Noun:
   • Wholesale price: "trade price" refers to the price at which goods are sold to retailers or other businesses, rather than directly to consumers. It is typically lower than the retail price.

Usage Examples

• (The price for businesses, not individual customers.)
• (The cost paid by a retailer to a supplier.)

Advanced Usage

• "at trade price": used to indicate that a purchase is made at a discounted rate intended for businesses.
  • Only registered businesses can purchase these items at trade price. (Access to the wholesale rate is restricted to commercial entities.)

Variants and Related Words

• Trade discount (noun): a reduction in the list price granted to a business buyer.

  • The trade discount of 20% is applied to all orders over $1,000. (A percentage reduction off the standard price for trade customers.)

• Trade-in price (noun): the value given for an old item when purchasing a new one.

  • The trade-in price for your used car is $3,000. (The amount credited toward a new purchase.)

Synonyms

• Wholesale price: the price charged for goods sold in large quantities to retailers.
• Dealer price: the cost for a distributor or dealer.

Related Idioms

• Cost price: the price paid by a retailer to a manufacturer, often synonymous with trade price in a business context.
  • We sold the goods at cost price to clear inventory. (At the same price we paid, without profit.)