What is a Sale Price?

A sale price is the discounted price at which goods or services are being sold. A sale price may incorporate discounts due to a negotiation with a specific customer, or a more standard promotion that is offered to many customers. This price is usually offered for a limited period of time, typically to spur sales during a slow period or to sell off excess inventory.

Another interpretation of the term is that it is simply the price at which something sells. For example, if a work of art is bid up to a record price of $10 million, then that is its sale price. This is essentially the opposite of the preceding definition of the term.

Example of Sale Price

Dudley Maples offers his legal services at a 30% discount from his usual $200 per hour, in an effort to attract new customers. This means that the 30% discount on the $200 list price will result in a sale price of $140.