A price is the (usually not negative) quantity of payment or compensation given by one party to another in return for one unit of goods or services. In some situation, the price of production has a different name. If the product is a "good" in the commercial exchange, the payment for this product will likely be called its "price". However, if the product is "service", there will be other possible names for this product's name. For example, the graph on the bottom will show some situations A good's price is influenced by production costs, supply of the desired item, and demand for the product. A price may be determined by a monopolist or may be imposed on the firm by market conditions.
Price can be quoted to currency, quantities of goods or vouchers

In modern economies, prices are generally expressed in units of some form of currency. (More specifically, for raw materials they are expressed as currency per unit weight, e.g. euros per kilogram or Rands per KG.)
Although prices could be quoted as quantities of other goods or services, this sort of barter exchange is rarely seen. Prices are sometimes quoted in terms of vouchers such as trading stamps and air miles.
In some circumstances, cigarettes have been used as currency, for example in prisons, in times of hyperinflation, and in some places during World War II. In a black market economy, barter is also relatively common.In many financial transactions, it is customary to quote prices in other ways. The most obvious example is in pricing a loan, when the cost will be expressed as the percentage rate of interest. The total amount of interest payable depends upon credit risk, the loan amount and the period of the loan. Other examples can be found in pricing financial derivatives and other financial assets. For instance the price of inflation-linked government securities in several countries is quoted as the actual price divided by a factor representing inflation since the security was issued.
"Price" sometimes refers to the quantity of payment requested by a seller of goods or services, rather than the eventual payment amount. This requested amount is often called the asking price or selling price, while the actual payment may be called transaction price or traded price. Likewise, the bid price or buying price is the quantity of payment offered by a buyer of goods or services, although this meaning is more common in asset or financial markets than in consumer markets.
Economic price theory asserts that in a free market economy the market price reflects interaction between supply and demand: the price is set so as to equate the quantity being supplied and that being demanded. In turn, these quantities are determined by the marginal utility of the asset to different buyers and to different sellers. Supply and demand, and hence price, may be influenced by other factors, such as government subsidy or manipulation through industry collusion.
When a raw material or a similar economic good for sale at multiple locations, the law of one price is generally believed to hold. This essentially states that the cost difference between the locations cannot be greater than that representing shipping, taxes, other distribution costs and more.

View More On
  1. J

    Thoughts on CTD prices & redundancies?

    Just wondered what people’s thoughts are on CTD sacking loads of people and going after retail rather than trade customers? I used to pay 20 plus vat for a 10kg grout, they now want 35+! It’s absolutely mental!
  2. dm1984

    roughy estimate to lay tiles

    can anyone tell me a rough estimate for laying 30m2 600x600 porcelain tiles. The tiles have already been bought
  3. A

    brick slip prices!?!

    hi all, i was wondering what the going rate (roughly) is for someone doing a brick slip wall. £pm preferably. thanks
  4. B

    Tiling prices for ceramic vs porcelain vs mosaic vs herringbone etc

    Hi. I'm relatively new to tiling, and have begun offering it as a service alongside my existing skills in property maintenance/repair and general construction etc. I am not a "time served" or particularly experienced tiler, but I have been on a week long course to make sure I understand the...
  5. Nicobond

    Rubi Lots of Rubi Tiling Tools gear at exclusive prices at Nicobond Trade Days! - See details inside!

    Rubi 4 in 1 Work Bench only £69+VAT at our FREE Nicobond Technical Tiling Solutions Roadshow. Terms and conditions apply. Orders must be placed in person on the day, at the event location by the person attending the seminar. Orders will be taken on the day and then ordered from Rubi. The items...
  6. Dan

    Rubi Nicobond gear and Rubi stuff with super prices at trade events with Nicobond Check October dates. Some offers on Nicobond gear and on the day crazy prices for Rubi gear. Booking details available on the calendar. If you RSVP on the calendar, make sure you email via the form in the description too. @Nicobond...
  7. S

    For Sale Imported 300x600mm tiles cheaper than major UK distributors Contact us for pricing info on our new imported large format 300 x 600mm tile ranges. We can offer significant cost savings against all of the leading UK tile market distributors. Trade volume discounts available. We strongly suggest enquiring before starting any new large...
  8. Mouldy

    Tile backer board prices and options

    Hi guys, I'm in need of around 50m of board to line some of the interior of an endless pool project. Have got a price out of Nicobond, (their version of Lux Elements 12mm), but was wondering if I could get a better price elsewhere. Open to options in material and merchant. Cheers. Mouldy
  9. O

    Topps Tiles Prices....

    I've just been looking on Topps Tiles website, searching for a tile that I am going to use in the future. Now I don't buy tiles so I couldn't tell you anything about the tiles value for money wise, but who in their right bloody mind is paying that much for adhesive and grout........good thing I...
  10. Dan

    Check insurance prices for me please?

    When you have a minute can you guys check to see how this public liability insurance compares to your own? Public Liability for Tilers - I could do with a few people checking and reporting back. It's meant to be a pretty good price...
  11. A

    Commercial pricing

    I've been tiling for about 10 years commercial and site work and preparing to go solo and set up on my own. Next year was my goal but a friend passed my name along to a company and they've now approached me for a price on some marble flooring in a shop. I've got a few friends with their own...
  12. J

    Electric UFH Electric Ufh Prices M2

    I'm due to lay my first ufh system on a new build. It's 30m2 but prob 20m heated with 6mm insulation boards. How much do people charge per m2 to lay ufh
  13. M

    120m2 Garage Floor Tiling Price Check

    Hi again all If you were going to quote for a 120m2 garage with 600 x 600 porcelain tiles what would your m2 rate be? The garage is newly built and will be latexed over the screed. Included in this 120 m2 area is: - 70m2 garage floor - 20m2 hallway + toilet and cupboard - 30m2 of tiled upstand...
  14. C

    Pricing Work With Project Prices For Tiles

    Hi all I have only been involved in supplying tiles on commercial jobs for about a year now. These jobs always have project prices for the tiles so everyone knows the cost of them and your profit margin when quoting. I have always added my margin onto the total cost of the tiles (including...
  15. Dan

    Anybody else been sent trade prices via Pm?

    Had a new member send me trade prices and an account for for the company he works for via the PM system. Wondering if anybody else has. Obviously it's not allowed. Can't have firms cheating the system just to make a few quid eh?
  16. Dan

    Mapei Mapei Pallet Deals - Discount Tile Adhesive Prices Per Pallet

    Pallet Deals - Adhesive & Grout Keraquick Grey 20kg Pallet Deal- 48 Bags - Pallet Deals - Adhesive & Grout Keraquick Grey 20KG Bags - 48 bags = £14.95 per bag. I assume plus the vodka and tonic (VAT) as it's trade, but not 100% sure. Is that a decent price?
  17. Dan

    Tile Adhesive From Walls And Floors - What Are These Prices Like?

    Tile Adhesives | Walls and Floors Are their tile adhesive prices any good? I assume perhaps not trade-wise? Do they do trade?
  18. High Peak Tiling

    Tile Town's great prices.

    Hi Guys, After a good chat in store with the normal lady behind counter at Tile Town, I now present new my suppliers for Matting & NMP Boards & PCS insulation boards. On all three, they seem to be able to price it £1.50-£2.21 a item cheaper than my supplier.. over a decent sized area, that's...
  19. M

    Gemini - Dual Core, how do these prices look

    Hi Wonder if anyone can advise if they think the prices of the following Gemin Dual Core tiles look reasonable. I'm not trade and these prices are from a local supplier (not national chain) and I like to support local businesses when I can without paying to much of a penalty. Prices inclusive of...
  20. C

    What prices

    EDIT...... HAve a wee job on and wondering how to price it. Seeing as im not a fully qualified tiler, i wouldnt rip the arm with it because theres still alot to learn IMO. If pricing talk is not aloud on here, wondering how long would it take you to tile this area. Its a sq large hallway and...
This website is hosted and managed by Creating content since 2001.

UK Tiling Forum Stats

Latest member