fair price

Definitions

A price that is considered reasonable and equitable for both the buyer and the seller based on current market value.

A cost that reflects the true worth of a product or service without excessive markup or exploitation.

Examples

We negotiated until we finally agreed on a fair price for the used car.

The local farmers' market is a great place to buy fresh produce at a fair price.

Most customers are willing to pay a fair price if they know the product is ethically sourced.

Synonyms

reasonable price competitive price market rate affordable cost good value equitable price just price

Antonyms

exorbitant price rip-off overpriced extortionate cost unreasonable price price gouging prohibitive cost