list price
official price of an item (as listed in a catalog, advertisement, etc.)
Suggested retail price
The (manufacturer's) suggested retail price (MSRP or SRP), list price or recommended retail price (RRP) (originally,
Monroney suggested retail price) of a
product is the
price the
manufacturer recommends that the
retailer sell it for. The intention was to help to standardize prices among locations. While some stores always sell at, or below, the suggested
retail price, others do so only when items are on
sale or
closeout.
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list price
Noun
1. the selling price of something as stated in a catalogue or price list; often subject to discounts; "I got it at 30% off the list price"
(hypernym) asking price, selling price
List Price
List Price
the manufacturer's suggested price before discounts or allowances; also known as manufacturer's retail price; it is increasingly illegal under anti-competition legislation.