Retail Price
/ˈriːteɪl praɪs/
Definitions
- (n.) The price at which goods are sold to the final consumer, inclusive of taxes, margins, and other charges.
The retail price of the product must be clearly displayed on the shelf.
- (n.) The legally fixed or maximum price established by regulation that a retailer may charge for a product or service.
The law caps the retail price of essential medicines to protect consumers.
Related terms
Commentary
Retail price often differs from wholesale price and may be subject to regulatory controls; drafters should clarify the context to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.