A person purchased the nw1/4, and the s1/2 of the ne1/4 of a section for $950 per acre. The purchase price 160 Acres.
What is purchase price?
- The purchase price is the price an investor pays for an investment, and the price is the investor's cost basis for calculating the profit or loss in selling the investment.
- The contract usually defines the purchase price as the total amount expected to be purchased by the shareholders.
- For example, for a merger where the purchase price is $100 million and escrow is 10%, the merger agreement may define the "purchase price" as $100 million, $100 million in escrow and he is $10 million.
- Cost is typically the cost of producing a product or service that a business sells.
- A price is the purchased a customer is willing to pay for a product or service.
- The selling price is the initial label that the sales person puts on the product, and the asking price is the price at which the product will eventually be sold.
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