List price is the standard published or system-recorded price of a product or service before customer-specific discounts, negotiated terms, or transaction adjustments. It provides a reference point, but it may not be the amount the customer ultimately pays.
Quick reference for List price
| Check | What it means for the transaction |
|---|---|
| Category | Pricing and profitability |
| Record to keep | Record the cost basis, currency, quantity, customer scope, effective period and approval behind the amount when they apply. |
| Do not infer | A price label alone does not establish margin, landed cost or the final invoiced amount. |
List price and nearby terms
- Net price: Net price is the amount charged after applicable discounts and pricing adjustments, but its exact treatment of tax, freight, fees, or rebates depends on the stated calculation.
