What is a Sale Price?
A sale price is the discounted price at which goods or services are being sold. 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. The discount is advertised as a percentage reduction from the normal list price. Thus, a 30% discount on a $100 list price will result in a sale price of $70.
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.
