Prices Vocabulary 💲: Understanding Costs and Transactions! 

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🐾 Vocabulary Highlights:

1. Price
   Description: The amount of money required to purchase a product or service
   Examples:
   o Waleed asked, What is the price of this book?
   o Ruaa said, The price of this dress is too high.
   o Owais negotiated the price before buying the car.
2. Cost
   Description: The total expense incurred to acquire something or produce it
   Examples:
   o The cost of the flight ticket surprised Waleed.
   o Ruba calculated the cost of groceries before paying.
   o Owais asked, How much will it cost to repair my laptop?
3. Expensive
   Description: Something that costs a lot of money
   Examples:
   o Ruaa bought an expensive handbag last week.
   o Waleed thinks eating at that restaurant is expensive.
   o Ruba said, This smartphone is too expensive for me.
4. Cheap
   Description: Something that costs very little money
   Examples:
   o Owais found a cheap jacket on sale.
   o Waleed prefers buying cheap items for daily use.
   o Ruaa said, This coffee is cheap but tastes great.
5. Discount
   Description: A reduction in the price of a product or service
   Examples:
   o Ruba got a 20% discount on her new shoes.
   o Waleed asked if there was a discount for students.
   o Ruaa said, This store always offers great discounts during sales.
6. Bargain
   Description: A good deal where you buy something for less than its usual price
   Examples:
   o Owais found a bargain at the electronics store.
   o Waleed enjoys bargaining at local markets.
   o Ruba said, This scarf was a bargain at only $5.
7. Sale
   Description: A period during which goods are sold at reduced prices
   Examples:
   o Ruaa bought many items during the Black Friday sale.
   o Waleed said, This store has a big sale every summer.
   o Owais found a sale on winter clothes at the mall.
8. Free
   Description: Something provided without any cost
   Examples:
   o Ruba received a free sample of shampoo at the store.
   o Waleed asked, Is this service free for all customers?
   o Ruaa said, The museum offers free entry on weekends.
9. Budget
   Description: A planned amount of money available to spend
   Examples:
   o Waleed set a budget for his vacation.
   o Ruba said, I try to stick to my monthly budget.
   o Owais asked, How can I plan a party on a tight budget?
10. Receipt
    Description: A document that shows proof of purchase
    Examples:
    o Ruaa kept the receipt for the dress she bought.
    o Waleed asked, Can I get a receipt for this payment?
    o Ruba said, You need to show the receipt for a refund.
11. Refund
    Description: Money returned to a customer after a product is returned or a service is not delivered
    Examples:
    o Waleed requested a refund for the damaged product.
    o Ruba said, The store gave me a refund for the shoes that didn’t fit.
    o Owais asked, How long does it take to process a refund?
12. Tax
    Description: An additional amount of money added to the price of goods or services, often by the government
    Examples:
    o Ruaa noticed the tax on her restaurant bill was high.
    o Waleed said, The tax on imported items is increasing.
    o Owais asked, Is the price displayed inclusive of tax?
13. Installment
    Description: A payment method where the total amount is paid in smaller, regular amounts over time
    Examples:
    o Ruba bought her phone in monthly installments.
    o Waleed asked, Can I pay for this furniture in installments?
    o Owais said, Paying in installments helps me manage my budget.
14. Profit
    Description: The financial gain made from selling a product or service after deducting costs
    Examples:
    o Ruaa calculated her profit from selling handmade crafts.
    o Waleed said, The company’s profit doubled this year.
    o Owais asked, How do you calculate profit in business?
15. Loss
    Description: A financial deficit or the amount of money lost in a business or transaction
    Examples:
    o Ruba faced a loss when she sold her bike below its purchase price.
    o Waleed said, It’s important to minimize loss in any business.
    o Owais asked, How can I recover from a financial loss?
16. Retail
    Description: The sale of goods directly to customers for personal use
    Examples:
    o Waleed prefers retail shopping for daily items.
    o Ruaa said, Retail prices are higher than wholesale prices.
    o Ruba asked, Is this product available for retail purchase?
17. Wholesale
    Description: Selling goods in large quantities at lower prices, typically to retailers
    Examples:
    o Waleed bought wholesale products for his store.
    o Ruba asked, Is there a discount for buying wholesale?
    o Owais said, Wholesale prices are great for bulk purchases.
18. Retailer
    Description: A business or person that sells goods to customers in smaller quantities
    Examples:
    o Ruaa bought a gift from a local retailer.
    o Waleed said, The retailer has a wide variety of electronics.
    o Owais asked, Are there any online retailers for this product?
19. Invoice
    Description: A detailed document listing the goods or services provided and the total cost
    Examples:
    o Waleed received an invoice after purchasing the office furniture.
    o Ruaa checked the invoice to verify the charges.
    o Owais asked, Can you send me an electronic invoice?
20. Purchase
    Description: The act of buying something
    Examples:
    o Ruba made a big purchase during the holiday sale.
    o Waleed said, I plan to purchase a laptop next week.
    o Owais asked, What was your latest purchase?
21. Seller
    Description: A person or business that offers goods or services for sale
    Examples:
    o Ruaa said, The seller was very friendly at the market.
    o Waleed asked, Does the seller provide a warranty?
    o Ruba gave feedback to the online seller.
22. Buyer
    Description: A person who purchases goods or services
    Examples:
    o Waleed said, The buyer should always read product reviews.
    o Ruba met a buyer who wanted to negotiate the price.
    o Owais advised Ruaa to ask questions as a buyer.
23. Retail Price
    Description: The price of a product sold directly to customers without discounts
    Examples:
    o Ruaa noticed the retail price on the product label.
    o Waleed said, The retail price of this item seems fair.
    o Owais compared the retail price with the wholesale price.
24. Unit Price
    Description: The cost of one unit of a product
    Examples:
    o Waleed calculated the unit price of apples at the store.
    o Ruaa said, This cereal’s unit price is mentioned on the shelf.
    o Ruba prefers items with a clear unit price listed.
    26. Price Tag
        Description: A label attached to an item showing its price
        Examples:
        o Waleed asked, Can you show me the price tag for this shirt?
        o Ruaa noticed the price tag was missing on a dress.
        o Ruba said, The price tag includes the original price and the discounted price.
25. Markup
    Description: The amount added to the cost of a product to determine its selling price
    Examples:
    o Waleed explained the markup to his business partner.
    o Ruaa said, The markup on this product seems high.
    o Owais calculated the markup percentage for his store.
26. Clearance
    Description: A sale to clear out old stock at reduced prices
    Examples:
    o Ruba bought winter clothes during the clearance sale.
    o Waleed said, The store is offering huge discounts on clearance items.
    o Owais asked, When does the clearance sale end?
27. Overpriced
    Description: Something priced higher than its actual value
    Examples:
    o Waleed said, This coffee machine is overpriced.
    o Ruaa refused to buy the overpriced handbag.
    o Ruba asked, Why are these shoes so overpriced?
28. Underpriced
    Description: Something priced lower than its actual value
    Examples:
    o Owais found an underpriced gadget at the electronics store.
    o Waleed said, This item seems underpriced for its quality.
    o Ruaa asked, Is it common to find underpriced deals online?
29. Value for Money
    Description: A product or service that is worth its cost
    Examples:
    o Ruba said, This phone offers great value for money.
    o Waleed prefers to buy value-for-money items.
    o Ruaa asked, Is this jacket really value for money?
30. Installment Plan
    Description: A structured payment method allowing buyers to pay in parts over time
    Examples:
    o Waleed signed up for an installment plan for his new sofa.
    o Ruaa said, The installment plan makes it easier to afford big purchases.
    o Owais asked, Are there extra charges for the installment plan?
31. Interest Rate
    Description: The percentage charged on borrowed money
    Examples:
    o Waleed calculated the interest rate on his car loan.
    o Ruaa said, The interest rate on this credit card is very high.
    o Owais asked, How do banks determine the interest rate?
32. Credit
    Description: Borrowed money to be repaid later, often with interest
    Examples:
    o Ruba used her credit card to buy the plane ticket.
    o Waleed asked, How much credit is available on my account?
    o Owais said, Paying off credit on time is important.
33. Debit
    Description: Money directly deducted from an account when making a purchase
    Examples:
    o Ruaa paid using her debit card at the supermarket.
    o Waleed said, My debit card transaction was successful.
    o Ruba prefers using debit cards over credit cards.
34. Negotiation
    Description: Discussing terms to reach an agreement, often about price
    Examples:
    o Waleed said, Negotiation is key when buying expensive items.
    o Ruaa negotiated the price of the house before buying it.
    o Owais helped Ruba with negotiation tips for the market.
35. Retail Outlet
    Description: A store where goods are sold directly to customers
    Examples:
    o Waleed visited a retail outlet to buy clothes for the weekend.
    o Ruba said, The retail outlet is offering end-of-season discounts.
    o Owais prefers shopping at retail outlets for branded items.
36. Stock Clearance
    Description: Selling remaining inventory at reduced prices to make room for new stock
    Examples:
    o Ruaa bought furniture during the stock clearance event.
    o Waleed said, The shop is clearing stock before renovations.
    o Ruba found great deals at the stock clearance sale.
37. Loyalty Program
    Description: A system where frequent customers earn rewards or discounts
    Examples:
    o Waleed signed up for the loyalty program to get special offers.
    o Ruaa said, This store’s loyalty program offers points on every purchase.
    o Owais received a free gift through the loyalty program.
38. Penalty Fee
    Description: An additional charge for late payment or contract violations
    Examples:
    o Ruba said, I had to pay a penalty fee for returning the book late.
    o Waleed asked, Is there a penalty fee for canceling the contract early?
    o Owais explained the penalty fee terms to his clients.
39. Special Offer
    Description: A temporary deal or promotion to attract customers
    Examples:
    o Waleed said, This store has a special offer on electronics this week.
    o Ruaa received a special offer email from her favorite shop.
    o Ruba asked, How long does the special offer last?
40. Fair Price
    Description: A reasonable cost for a product or service
    Examples:
    o Waleed said, The fair price for this book should be around $15.
    o Ruaa prefers stores that offer fair prices.
    o Owais calculated a fair price for the service he provides.
41. Price Fluctuation
    Description: Regular changes in the cost of a product or service
    Examples:
    o Waleed noticed price fluctuation in the stock market.
    o Ruaa said, The price fluctuation of vegetables depends on the season.
    o Owais explained price fluctuation to his business partners.
42. Pay in Advance
    Description: Paying the total amount for a product or service before receiving it
    Examples:
    o Ruba paid in advance for her hotel booking.
    o Waleed asked, Is it necessary to pay in advance for this service?
    o Ruaa prefers to pay in advance for online shopping.
43. Cashback
    Description: A percentage of money returned after making a purchase
    Examples:
    o Waleed received cashback on his credit card transaction.
    o Ruba said, This app offers cashback on grocery shopping.
    o Owais prefers using cashback offers for large purchases.
44. Rebate
    Description: A partial refund to a customer after purchasing a product or service
    Examples:
    o Ruaa received a rebate on her new washing machine.
    o Waleed asked, How can I claim the rebate for this product?
    o Owais explained the rebate process to his friends.
45. Seasonal Pricing
    Description: Adjusting the price of goods or services based on the season
    Examples:
    o Waleed noticed seasonal pricing for hotel bookings.
    o Ruaa said, Seasonal pricing affects the cost of fruits in summer.
    o Owais said, The travel agency offers lower seasonal pricing in winter.
46. Trade-In
    Description: Exchanging an old item for credit or a discount on a new one
    Examples:
    o Waleed traded in his old car to buy a new one.
    o Ruaa asked, Does this store allow trade-ins for electronics?
    o Ruba said, The trade-in offer helped me save money.
47. Upfront Payment
    Description: Paying the full cost at the time of purchase
    Examples:
    o Waleed made an upfront payment for his new office chair.
    o Ruaa said, Upfront payment is required for this service.
    o Owais prefers upfront payment for small purchases.
48. Hidden Fees
    Description: Extra charges not disclosed initially
    Examples:
    o Waleed discovered hidden fees in his phone bill.
    o Ruaa asked, Are there any hidden fees for this subscription?
    o Ruba said, Always check for hidden fees before signing a contract.
49. Bulk Discount
    Description: A price reduction for purchasing in large quantities
    Examples:
    o Ruba said, Buying in bulk gives you a bulk discount.
    o Waleed asked, Is there a bulk discount for ordering 50 items?
    o Owais said, the bulk discount made this purchase very affordable.
50. Promotion
    Description: A marketing effort to increase sales, often involving discounts or special offers.
    Examples:
    o Owais asked, Is there a promotion for new customers at this restaurant?
    o Ruaa noticed the store had a promotion offering 30% off all shoes.
    o Waleed took advantage of a promotion for a free item with his purchase.

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