Retail Pricing Terms

noun a price that is set by a seller as the initial amount they want to receive for a product or service

• The seller set the asking price for the house at $500,000.
• The seller is asking for $500,000 for the house.
• The seller is looking to get $500k for the house.
• The asking price for the antique vase was through the roof.

adjective used to refer to every one of two or more people or things, regarded and identified separately

• Each student must submit their assignment by the deadline.
• Make sure each of you hands in your homework on time.
• Yo, gotta turn in your stuff by the due date, each one of you.
• Like a puzzle, each piece plays a crucial role in completing the picture.

noun a price that is higher than what is considered reasonable or fair

verb to charge too much for goods or services

• The company was accused of overcharging customers for their services.
• I think the mechanic overcharged me for fixing my car.
• That store always tries to overcharge for their products.
• His emotions were like an overcharge of electricity, sparking and unpredictable.