unit price

Definitions (2)
Popular Terms
1. Contracting: Predetermined price for a quantity of work to be performed, including price charged for labor, material, and associated services such as equipment rental.
2. Retailing: Price of a single item sold.

Use 'unit price' in a Sentence

We would go over a unit price before we began and that would determine what we would get paid at the end.
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There were a lot of corners that had to be cut in the design of our product to keep the unit price low enough that we would not price ourselves out of competition in the retail market.
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Unit price was the measure we decided to use for determining the inputs that went into generating that specific number?
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