Purchase Price


A purchase price is the amount of money that a buyer pays to acquire an asset, such as a home, a car, or a business. It is typically the sum of the purchase price and any additional fees or costs associated with the purchase, such as closing costs or taxes. 


For example, if you purchase a home for $200,000 and you have to pay $5,000 in closing costs, your purchase price would be $205,000.