Business & Sales

What Is a Retail Price?

The retail price is the price at which a product is sold to the final consumer. It includes the retailer's cost plus a markup to cover operating expenses and profit. Manufacturers often publish a suggested retail price, commonly called MSRP (manufacturer's suggested retail price).

Retail Price and Sales Tax

In the United States, sales tax is usually added on top of the listed retail price; in many VAT countries, the displayed consumer price already includes VAT.

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Last updated: September 27, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.