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Overprice: meaning, definitions and examples

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overprice

 

[ ˌoʊvərˈpraɪs ]

Verb / Noun
Context #1 | Verb

in shopping

To set a price for something higher than its actual value, often leading to customers feeling cheated or unwilling to make a purchase.

Synonyms

inflate, mark up, price gouge

Examples of usage

  • The store was overpricing their products, so I decided to shop somewhere else.
  • If they continue to overprice their items, they will lose customers in the long run.
Context #2 | Noun

in business

The act of pricing something too high, resulting in a cost that is more than what is considered reasonable or fair.

Synonyms

exorbitant price, outrageous cost, unreasonable pricing

Examples of usage

  • The overprice of the new phone made it unaffordable for many consumers.
  • The overprice of the tickets deterred people from attending the event.

Translations

Translations of the word "overprice" in other languages:

🇵🇹 superfaturar

🇮🇳 अधिक मूल्य

🇩🇪 überteuern

🇮🇩 harga terlalu mahal

🇺🇦 завищити ціну

🇵🇱 przepłacić

🇯🇵 過剰価格

🇫🇷 suralimenter

🇪🇸 sobrecargar

🇹🇷 aşırı fiyatlandırmak

🇰🇷 과대평가하다

🇸🇦 المبالغة في السعر

🇨🇿 předražit

🇸🇰 predražiť

🇨🇳 过高定价

🇸🇮 preceniti

🇮🇸 ofverð

🇰🇿 бағаны асыра бағалау

🇬🇪 გადასახადის გაზრდა

🇦🇿 qiyməti artırmaq

🇲🇽 sobrecargar

Word origin

The word 'overprice' originated in the late 19th century, coming from the combination of 'over-' and 'price'. It reflects the concept of setting a price higher than what is considered fair or reasonable. The practice of overpricing has been a common occurrence in various industries, leading to consumer dissatisfaction and debates over pricing strategies.

See also: overpriced, overpricing, precious, price, priceless, pricer, prices, pricey, underprice, underpriced.

Word Frequency Rank

At position #42,183, this word is among the less frequently used terms in English. While interesting to know, it's not crucial for most English learners unless needed for specific purposes.