Price is the amount of money you need to pay to buy something. When you see a toy marked $15, that's its price. When your parents buy groceries, they check the prices to see what everything costs. A price tells both the seller and the buyer what something is worth in dollars and cents.

Prices aren't random. They're usually set based on how much something costs to make, how much people want it, and how many are available. If a new video game is popular and supplies are limited, stores might charge a high price because many people want to buy the few copies available. After a few months, when more copies exist and the initial excitement fades, the price often drops.

As a verb, price means to decide what something should cost, or to label it with a cost. A store might price a jacket at $40, or price items lower during a sale.

The word can also mean what you give up or sacrifice to get something. If you stay up late finishing a project, the price of getting it done might be feeling tired the next day. When someone says “winning came at a price,” they mean the victory required a real sacrifice.

You might hear people say something is priceless, which seems confusing at first. But priceless means so valuable that no amount of money could buy it, like a treasured family photo or your grandmother's stories about growing up.