collectiveprice
nounUK /kəˈlɛktɪv praɪs/
US /kəˈlɛktɪv praɪs/
A collective price is the total cost when a group of people buy something together.
The collective price for the class trip was cheaper than buying tickets one by one.
RELATED WORDS
OTHER MEANINGS
2. The price agreed on by everyone in a group.
The neighbors set a collective price for the shared snow plow.
3. The sum of many small prices added together.
The collective price of all the snacks was ten dollars.
4. A price that applies to a whole set rather than single items.
The store offered a collective price for the box of pencils.