What is the definition of Reasonable price? | Dictionary.net

REASONABLE PRICE

\ɹˈiːzənəbə͡l pɹˈa͡ɪs], \ɹˈiːzənəbə‍l pɹˈa‍ɪs], \ɹ_ˈiː_z_ə_n_ə_b_əl p_ɹ_ˈaɪ_s]\

Definitions of REASONABLE PRICE

1910 - Black's Law Dictionary (2nd edition)

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1. Decision reached jointly between a buyer and seller high enough to cover the cost and a reasonable profit. 2. Price that provides the best total value, not necessarily the lowest price.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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