ultracheap

adjective
ul·​tra·​cheap | \ˌəl-trə-ˈchēp \

Definition of ultracheap 

: sold at a very low price : extremely or extraordinarily cheap Ultracheap computers are continuing their march forward, and some market watchers are saying that their success will extend to lower prices and new categories of buyers.— Sebastian Rupley

First Known Use of ultracheap

1849, in the meaning defined above

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The first known use of ultracheap was in 1849

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