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Prices can also be quoted with a "plus", meaning one sixty-fourth (1/64) of one percent or half a tick. [2] That means that a price is quoted as, for instance, 99-30+, meaning 99 and 61/64 percent (or 30.5/32 percent) of the face value. As an example, "par the buck plus" means 100% plus 1/64 of 1% or 100.015625% of face value.
The price of a product or service is defined as cost plus profit, whereas cost can be broken down further into direct cost and indirect cost. [1] As a business has virtually no influence on indirect cost, a cost reduction oriented cost breakdown analysis focuses rather on factors contributing to direct cost.
In financial markets, the mid-price [1] is the average price between a seller's ask price of a stock or other commodity and the best buyer bid price of that stock or commodity. In some cases, the mid-price will be rounded up or down to the nearest "tick" (the nearest valid tradeable price on the exchange system) for convenience purposes, and ...
The price of an item is also called the "price point", especially if it refers to stores that set a limited number of price points. For example, Dollar General is a general store or " five and dime " store that sets price points only at even amounts, such as exactly one, two, three, five, or ten dollars (among others).
A financial quotation refers to specific market data relating to a security or commodity. While the term quote specifically refers to the bid price or ask price of an instrument, it may be more generically used to relate to the last price which this security traded at ("last sale"). [ 1 ]
A price index aggregates various combinations of base period prices (), later period prices (), base period quantities (), and later period quantities (). Price index numbers are usually defined either in terms of (actual or hypothetical) expenditures (expenditure = price * quantity) or as different weighted averages of price relatives ( p t ...