Browse Definitions :
Definition

net price

Contributor(s): Matthew Haughn

Net price is the value at which a product or service is sold after all taxes and other costs are added and all discounts subtracted.

Net price is what the seller’s customers pay. Amounts subtracted from a list price to arrive at a net price include sales and other discount amounts, rebates and any amounts negotiated between the customer and the seller. Additional amounts may include charges for added value, royalties, shipping, duty, taxes, service and installation.

On a sale tag or listing, the manufacturer’s suggested retail price (MRSP) or the list price is often followed by any amounts for discounts, followed by the discounted subtotal before taxes. At this point in calculations, the price might be referred to as sticker price; after any additional charges are added it becomes the net price. As a base for net price, generally the MSRP or list price is the highest a consumer will be charged except in situations of low supply, high demand, added value or seller inflation.

This was last updated in April 2016

Continue Reading About net price

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

SearchCompliance

  • regulatory compliance

    Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business...

  • Whistleblower Protection Act

    The Whistleblower Protection Act of 1989 is a law that protects federal government employees in the United States from ...

  • smart contract

    A smart contract, also known as a cryptocontract, is a computer program that directly controls the transfer of digital currencies...

SearchSecurity

  • RSA algorithm (Rivest-Shamir-Adleman)

    The RSA algorithm is the basis of a cryptosystem -- a suite of cryptographic algorithms that are used for specific security ...

  • remote access

    Remote access is the ability to access a computer or a network remotely through a network connection.

  • IP Spoofing

    IP spoofing is the crafting of Internet Protocol (IP) packets with a source IP address that has been modified to impersonate ...

SearchHealthIT

SearchDisasterRecovery

  • virtual disaster recovery

    Virtual disaster recovery is a type of DR that typically involves replication and allows a user to fail over to virtualized ...

  • tabletop exercise (TTX)

    A tabletop exercise (TTX) is a disaster preparedness activity that takes participants through the process of dealing with a ...

  • risk mitigation

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a data center.

SearchStorage

  • enterprise storage

    Enterprise storage is a centralized repository for business information that provides common data management, protection and data...

  • disk array

    A disk array, also called a storage array, is a data storage system used for block-based storage, file-based storage or object ...

  • optical storage

    Optical storage is any storage type in which data is written and read with a laser. Typically, data is written to optical media, ...

Close