MARKED PRICES Meaning and
Definition
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Marked prices refer to the original or advertised prices of goods or services set by the seller or retailer before any discounts, promotions, or negotiations are considered. These prices are typically displayed or "marked" on the product or its packaging, or stated in advertisements, brochures, or online listings.
Marked prices are often used as a starting point for price negotiations or to provide an indication of the value or worth of an item. These prices can vary depending on market demand, competition, production costs, and other factors, and are subject to change over time.
In some cases, marked prices are intentionally set higher to allow for room to negotiate or offer discounts. This practice is particularly common in industries like retail, where haggling or bargaining is accepted or expected.
Marked prices can also serve as a reference point for comparing prices among different sellers or determining the savings after discounts or promotions. It is important for consumers to be aware of these marked prices to make informed decisions and ensure they are getting a fair deal.
Overall, marked prices are the initial prices at which goods or services are listed or advertised before any adjustments, discounts, or negotiations take place. They form the basis for price comparisons, negotiations, and determining the value of a product or service.
Common Misspellings for MARKED PRICES
- market prices
- narked prices
- karked prices
- jarked prices
- mzrked prices
- msrked prices
- mwrked prices
- mqrked prices
- maeked prices
- madked prices
- mafked prices
- matked prices
- ma5ked prices
- ma4ked prices
- marjed prices
- marmed prices
- marled prices
- maroed prices
- maried prices
- markwd prices
Etymology of MARKED PRICES
The etymology of the word "marked prices" can be traced back to the Middle English period. The word "mark" originally comes from the Old English word "mearc", meaning a boundary or sign. In medieval trade, merchants would use various markings or symbols to indicate the prices of their goods. These markings served as a visible indication of the value or cost of the products, allowing both the seller and the buyer to understand the price at a glance. Over time, this practice of marking prices became more standardized and prevalent, leading to the term "marked prices" to refer to the indicated prices of goods or services.
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