Difference Wiki

Price vs. Amount: What's the Difference?

Edited by Sumera Saeed || By Sawaira Riaz || Updated on September 28, 2023
"Price" refers to the cost of a specific product or service, usually in monetary terms. "Amount" is a more general term that signifies the quantity or total of something, often not limited to financial contexts.

Key Differences

"Price" and "Amount" are commonly used terms that, while related, have distinct meanings. The word "Price" is often used to indicate the financial cost of an item or service, usually denominated in currency. "Amount," on the other hand, serves as a broader term that describes the quantity or total of something, which could be money, time, energy, or other resources.
Sawaira Riaz
Sep 20, 2023
When discussing financial transactions, "Price" is the cost that a buyer is willing to pay for a good or service. In this context, the "Amount" could refer to the sum total that one ends up paying, which might include the price of multiple items, taxes, and other fees. Here, "Price" is specific, whereas "Amount" is cumulative.
Sawaira Riaz
Sep 20, 2023
In terms of grammar, both "Price" and "Amount" function as nouns. However, they differ in the context they are most appropriately used. "Price" is generally used in economic or retail contexts, while "Amount" has a broader applicability that extends beyond just financial settings.
Sawaira Riaz
Sep 20, 2023
To sum it up, "Price" is a term generally limited to economic or transactional scenarios and indicates a monetary cost. "Amount," conversely, is a more versatile term that can refer to totals or quantities in a multitude of contexts, not solely economic ones.
Sawaira Riaz
Sep 20, 2023

Comparison Chart

Definition

Cost of an item or service
Quantity or total
Sawaira Riaz
Sep 20, 2023
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Context of Use

Economic, retail
General
Sawaira Riaz
Sep 20, 2023

Grammatical Role

Noun
Noun
Sawaira Riaz
Sep 20, 2023

Specificity

Specific
Cumulative or general
Janet White
Sep 20, 2023

Applicability

Monetary
Not limited to money
Harlon Moss
Sep 20, 2023

Price and Amount Definitions

Price

A measure of sacrifice or loss.
The price of success is hard work.
Sawaira Riaz
Sep 20, 2023
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Amount

A specific quantity or number.
A large amount of people attended the event.
Sawaira Riaz
Sep 20, 2023

Price

The cost assigned to a good or service.
The price of the phone is $400.
Sara Rehman
Sep 20, 2023

Amount

The sum of two or more quantities.
The amount of your purchases is $50.
Aimie Carlson
Sep 20, 2023

Price

The rate at which a financial instrument trades.
The stock price fell today.
Harlon Moss
Sep 20, 2023

Amount

The final result of a calculation.
The amount calculated was incorrect.
Sara Rehman
Sep 20, 2023

Price

A numerical value associated with an exchange.
The price of the ticket includes a meal.
Sawaira Riaz
Sep 20, 2023

Amount

The measure of a characteristic or attribute.
The amount of effort put into the project was immense.
Sara Rehman
Sep 20, 2023

Price

The amount as of money or goods, asked for or given in exchange for something else.
Sawaira Riaz
Apr 26, 2023

Amount

The total of two or more quantities; the aggregate.
Sawaira Riaz
Apr 26, 2023

Price

The cost at which something is obtained
Believes that the price of success is hard work.
Sawaira Riaz
Apr 26, 2023

Amount

A number; a sum.
Sawaira Riaz
Apr 26, 2023

Price

The cost of bribing someone
Maintained that every person has a price.
Sawaira Riaz
Apr 26, 2023

Amount

A principal plus its interest, as in a loan.
Sawaira Riaz
Apr 26, 2023

Price

A reward offered for the capture or killing of a person
A felon with a price on his head.
Sawaira Riaz
Apr 26, 2023

Amount

The full effect or meaning; import.
Sawaira Riaz
Apr 26, 2023

Price

(Archaic) Value or worth.
Sawaira Riaz
Apr 26, 2023

Amount

Quantity
A great amount of intelligence.
Sawaira Riaz
Apr 26, 2023

Price

To fix or establish a price for
Shoes that are priced at sixty dollars.
Sawaira Riaz
Apr 26, 2023

Amount

To add up in number or quantity
The purchases amounted to 50 dollars.
Sawaira Riaz
Apr 26, 2023

Price

To find out the price of
Spent the day pricing dresses.
Sawaira Riaz
Apr 26, 2023

Amount

To add up in import or effect
That plan will never amount to anything.
Sawaira Riaz
Apr 26, 2023

Price

The cost required to gain possession of something.
Sawaira Riaz
Apr 26, 2023

Amount

To be equivalent or tantamount
Accusations that amount to an indictment.
Sawaira Riaz
Apr 26, 2023

Price

The cost of an action or deed.
I paid a high price for my folly.
Sawaira Riaz
Apr 26, 2023

Amount

The total, aggregate or sum of material not applicable to discrete numbers or units or items in standard English.
The amount of atmospheric pollution threatens a health crisis.
Sawaira Riaz
Apr 26, 2023

Price

Value; estimation; excellence; worth.
Sawaira Riaz
Apr 26, 2023

Amount

A quantity or volume.
Pour a small amount of water into the dish.
The dogs need different amounts of food.
Sawaira Riaz
Apr 26, 2023

Price

(transitive) To determine the monetary value of (an item); to put a price on.
Sawaira Riaz
Apr 26, 2023

Amount

The number (the sum) of elements in a set.
Sawaira Riaz
Apr 26, 2023

Price

To pay the price of; to make reparation for.
Sawaira Riaz
Apr 26, 2023

Amount

To total or evaluate.
It amounts to three dollars and change.
Sawaira Riaz
Apr 26, 2023

Price

To set a price on; to value; to prize.
Sawaira Riaz
Apr 26, 2023

Amount

To be the same as or equivalent to.
He was a pretty good student, but never amounted to much professionally.
His response amounted to gross insubordination
Sawaira Riaz
Apr 26, 2023

Price

To ask the price of.
To price eggs
Sawaira Riaz
Apr 26, 2023

Amount

To go up; to ascend.
Sawaira Riaz
Apr 26, 2023

Price

The sum or amount of money at which a thing is valued, or the value which a seller sets on his goods in market; that for which something is bought or sold, or offered for sale; equivalent in money or other means of exchange; current value or rate paid or demanded in market or in barter; cost.
We can afford no more at such a price.
Sawaira Riaz
Apr 26, 2023

Amount

To go up; to ascend.
So up he rose, and thence amounted straight.
Sawaira Riaz
Apr 26, 2023

Price

Value; estimation; excellence; worth.
Her price is far above rubies.
New treasures still, of countless price.
Sawaira Riaz
Apr 26, 2023

Amount

To rise or reach by an accumulation of particular sums or quantities; to come (to) in the aggregate or whole; - with to or unto.
Sawaira Riaz
Apr 26, 2023

Price

Reward; recompense; as, the price of industry.
'T is the price of toil,The knave deserves it when he tills the soil.
Sawaira Riaz
Apr 26, 2023

Amount

To rise, reach, or extend in effect, substance, or influence; to be equivalent; to come practically (to); as, the testimony amounts to very little.
Sawaira Riaz
Apr 26, 2023

Price

To pay the price of.
With thine own blood to price his blood.
Sawaira Riaz
Apr 26, 2023

Amount

To signify; to amount to.
Sawaira Riaz
Apr 26, 2023

Price

To set a price on; to value. See Prize.
Sawaira Riaz
Apr 26, 2023

Amount

The sum total of two or more sums or quantities; the aggregate; the whole quantity; a totality; as, the amount of 7 and 9 is 16; the amount of a bill; the amount of this year's revenue.
Sawaira Riaz
Apr 26, 2023

Price

To ask the price of; as, to price eggs.
Sawaira Riaz
Apr 26, 2023

Amount

The effect, substance, value, significance, or result; the sum; as, the amount of the testimony is this.
The whole amount of that enormous fame.
Sawaira Riaz
Apr 26, 2023

Price

The amount of money needed to purchase something;
The price of gasoline
He got his new car on excellent terms
How much is the damage?
Sawaira Riaz
Apr 26, 2023

Amount

How much of something is available;
An adequate amount of food for four people
Sawaira Riaz
Apr 26, 2023

Price

The property of having material worth (often indicated by the amount of money something would bring if sold);
The fluctuating monetary value of gold and silver
He puts a high price on his services
He couldn't calculate the cost of the collection
Sawaira Riaz
Apr 26, 2023

Amount

A quantity of money;
He borrowed a large sum
The amount he had in cash was insufficient
Sawaira Riaz
Apr 26, 2023

Price

Value measured by what must be given or done or undergone to obtain something;
The cost in human life was enormous
The price of success is hard work
What price glory?
Sawaira Riaz
Apr 26, 2023

Amount

How much there is of something that you can quantify
Sawaira Riaz
Apr 26, 2023

Price

The high value or worth of something;
Her price is far above rubies
Sawaira Riaz
Apr 26, 2023

Amount

A quantity obtained by addition
Sawaira Riaz
Apr 26, 2023

Price

A reward for helping to catch a criminal;
The cattle thief has a price on his head
Sawaira Riaz
Apr 26, 2023

Amount

Be tantamount or equivalent to;
Her action amounted to a rebellion
Sawaira Riaz
Apr 26, 2023

Price

Cost of bribing someone;
They say that every politician has a price
Sawaira Riaz
Apr 26, 2023

Amount

Add up in number or quantity;
The bills amounted to $2,000
The bill came to $2,000
Sawaira Riaz
Apr 26, 2023

Price

United States operatic soprano (born 1927)
Sawaira Riaz
Apr 26, 2023

Amount

Develop into;
This idea will never amount to anything
Nothing came of his grandiose plans
Sawaira Riaz
Apr 26, 2023

Price

Determine the price of;
The grocer priced his wares high
Sawaira Riaz
Apr 26, 2023

Amount

The total sum or quantity.
The amount of food was overwhelming.
Aimie Carlson
Sep 20, 2023

Price

Ascertain or learn the price of;
Have you priced personal computers lately?
Sawaira Riaz
Apr 26, 2023

Price

The amount of money required for a transaction.
The price for the service was reasonable.
Sara Rehman
Sep 20, 2023

FAQs

Are both Price and Amount nouns?

Yes, both are nouns.
Sawaira Riaz
Sep 20, 2023

What does Amount mean?

"Amount" refers to the total or quantity of something, not limited to monetary contexts.
Sawaira Riaz
Sep 20, 2023

What does Price mean?

"Price" refers to the cost of an item or service in monetary terms.
Sawaira Riaz
Sep 20, 2023

Is Amount only used in financial settings?

No, it is a broader term that can be used in various contexts.
Sara Rehman
Sep 20, 2023

Where is Price most commonly used?

In economic, retail, and financial settings.
Sawaira Riaz
Sep 20, 2023

Is Price always about money?

Generally, yes, but it can also metaphorically refer to sacrifice or loss.
Sawaira Riaz
Sep 20, 2023

Can Price and Amount be interchangeable?

Generally not, as they refer to different concepts.
Aimie Carlson
Sep 20, 2023

Can Price refer to a value in a market?

Yes, as in stock prices.
Harlon Moss
Sep 20, 2023

Is Price subjective?

It can be, as market forces often determine it.
Sawaira Riaz
Sep 20, 2023

Is Amount objective?

Generally yes, it's a quantifiable measure.
Sawaira Riaz
Sep 20, 2023

Is Price more specific than Amount?

Yes, "Price" usually refers to a specific cost, while "Amount" can be more general.
Sawaira Riaz
Sep 20, 2023

Where can Amount be used?

In a variety of contexts, including finance, quantity, and measurement.
Sawaira Riaz
Sep 20, 2023

Can Amount refer to a collective sum?

Yes, it often refers to the total of various quantities.
Harlon Moss
Sep 20, 2023

Do Price and Amount have synonyms?

Yes, cost, rate for Price; total, sum for Amount.
Harlon Moss
Sep 20, 2023

Can Price and Amount be used in negative forms?

Yes, as in "priceless" or "no amount of money."
Sawaira Riaz
Sep 20, 2023
About Author
Written by
Sawaira Riaz
Sawaira is a dedicated content editor at difference.wiki, where she meticulously refines articles to ensure clarity and accuracy. With a keen eye for detail, she upholds the site's commitment to delivering insightful and precise content.
Edited by
Sumera Saeed
Sumera is an experienced content writer and editor with a niche in comparative analysis. At Diffeence Wiki, she crafts clear and unbiased comparisons to guide readers in making informed decisions. With a dedication to thorough research and quality, Sumera's work stands out in the digital realm. Off the clock, she enjoys reading and exploring diverse cultures.

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