List Price

list price

the selling price of merchandise as quoted in a catalogue or advertisement

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List Price 

a price included in a special collection called a price list. Such prices are set for lot-produced and mass-produced articles and do not usually have an expiration date. In the USSR, retail list prices are used in selling goods through the state and cooperative retail trade systems. These same prices, minus trade discounts, are used in settling accounts between suppliers and trade enterprises and organizations. Prices from wholesale price lists for producer’s goods are used by suppliers in settling accounts with enterprises and organizations. Such prices may be subject to a premium or a discount if the products being delivered are produced to the customer’s own specifications, that is, with deviations from existing standards or manufacturing techniques. The use of list prices is compulsory for all suppliers of goods and all trade organizations.