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Definition:
The term "list-price" is often used in the context of buying and selling goods. It's a method of identifying what you can purchase for a fixed cost, whether it be a product from a store or a service, such as a restaurant bill.
Example Sentence: "I bought an expensive set of keys at $20 list price." In this sentence, "list price" means that the item has been marked down to its actual selling price. For example, if a customer buys a set of keys for $15 and pays only $7 for the service, they are actually paying full price for the keys, which would be listed at $20. Skeptical Example: "I think I can get the best deal on those clothes here! They're list price!" In this scenario, "list price" means that the item is selling at a fixed and not negotiable rate. Therefore, if you were to purchase these items with your own money, you would be making a profit. It's like saying, "I'm happy I bought them for $100, because I paid more than $200 for my outfit!"