Legal Definitions - sales price

Sales price refers to the amount of money that a product or service is sold for. It is the price that a customer pays to purchase a product or service.

For example, if a pair of shoes is priced at $50 and a customer buys them for $40 during a sale, then $40 is the sales price.

Another example is when a company offers a discount on their services. If the regular price of a haircut is $30 but the company is offering a 20% discount, then the sales price would be $24.

These examples illustrate how the sales price is the final amount that a customer pays for a product or service after any discounts or promotions are applied.