unit price

noun

Definition of unit price

: a price quoted in terms of so much per agreed or standard unit of product or service agreed to take the gravel at a unit price of 50 cents a yard often : an inclusive price quoted to cover all incidentals (as transportation or installation) as well as the basic unit of product or service purchasing on a unit price relieves the buyer of inconvenience but may be more expensive quoted a unit price for the funeral

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Cite this Entry

“Unit price.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unit%20price. Accessed 21 Jan. 2021.

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