Price vs. Rate

2023-12-02

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1
  • Hi there! This week on Ask a Teacher, we will answer a question about the difference between the words "price" and "rate."
  • 2
  • Hello VOA Learning English,
  • 3
  • I am confused by the words "price" and "rate."
  • 4
  • Could you please explain these words for me?
  • 5
  • Irfan from Pakistan
  • 6
  • This is a great question, Irfan.
  • 7
  • Both words can describe an amount of money in exchange for either goods, services or a certain amount of time spent. We use them in different situations.
  • 8
  • "Rate" has more meanings and uses as well.
  • 9
  • Let's start with "price."
  • 10
  • "Price" is a noun that can be countable or singular.
  • 11
  • As a countable noun, it means the amount of money that is exchanged for something. It can also be the amount asked for or paid.
  • 12
  • The price for twelve eggs was almost $5.00.
  • 13
  • The asking price of the house was $300,000, but it was sold for under $289,000 after negotiations.
  • 14
  • As a singular noun, "price" is the cost, result or loss that is paid to get something else.
  • 15
  • Amanda's loss of a flexible schedule is the price of going back to school.
  • 16
  • We can also use "price" as a verb that takes a direct object.
  • 17
  • Marc priced his used TV at $200.
  • 18
  • Let's look more closely at "rate" now.
  • 19
  • A "rate" is a cost or value per unit for services or time.
  • 20
  • This is different from the "price" of something.
  • 21
  • For example, you hire a gardener, and their rate is $50 an hour.
  • 22
  • If the gardener worked three hours at a rate of $50 per hour, then the total price is $150.
  • 23
  • "Rate" can also be used to talk about amounts, degrees, or speed of something in comparison to something else.
  • 24
  • Your heart rate is the number of beats per minute.
  • 25
  • The United States obesity rate is almost double that of Italy.
  • 26
  • "Rate" can also be a verb that means to apply a value, worth, strength or estimation.
  • 27
  • It can take a direct object or not.
  • 28
  • Finland, Demark and Iceland rate their happiness level as very high.
  • 29
  • Saratoga Springs is rated as one of the best small cities in the U.S.
  • 30
  • Please let us know if these explanations and examples have helped you, Irfan.
  • 31
  • Do you have a question about American English? Send us an email at learningenglish@voanews.com.
  • 32
  • And that's Ask a Teacher.
  • 33
  • I'm Faith Pirlo.
  • 1
  • Hi there! This week on Ask a Teacher, we will answer a question about the difference between the words "price" and "rate."
  • 2
  • Question:
  • 3
  • Hello VOA Learning English,
  • 4
  • I am confused by the words "price" and "rate." Could you please explain these words for me?
  • 5
  • Irfan from Pakistan
  • 6
  • Answer
  • 7
  • This is a great question, Irfan. Both words can describe an amount of money in exchange for either goods, services or a certain amount of time spent. We use them in different situations. "Rate" has more meanings and uses as well.
  • 8
  • Let's start with "price."
  • 9
  • Price
  • 10
  • "Price" is a noun that can be countable or singular. As a countable noun, it means the amount of money that is exchanged for something. It can also be the amount asked for or paid.
  • 11
  • The price for twelve eggs was almost $5.00.
  • 12
  • The asking price of the house was $300,000, but it was sold for under $289,000 after negotiations.
  • 13
  • As a singular noun, "price" is the cost, result or loss that is paid to get something else.
  • 14
  • Amanda's loss of a flexible schedule is the price of going back to school.
  • 15
  • We can also use "price" as a verb that takes a direct object.
  • 16
  • Marc priced his used TV at $200.
  • 17
  • Let's look more closely at "rate" now.
  • 18
  • Rate
  • 19
  • A "rate" is a cost or value per unit for services or time. This is different from the "price" of something.
  • 20
  • For example, you hire a gardener, and their rate is $50 an hour. If the gardener worked three hours at a rate of $50 per hour, then the total price is $150.
  • 21
  • "Rate" can also be used to talk about amounts, degrees, or speed of something in comparison to something else.
  • 22
  • Your heart rate is the number of beats per minute.
  • 23
  • The United States obesity rate is almost double that of Italy.
  • 24
  • "Rate" can also be a verb that means to apply a value, worth, strength or estimation. It can take a direct object or not.
  • 25
  • Finland, Demark and Iceland rate their happiness level as very high.
  • 26
  • Saratoga Springs is rated as one of the best small cities in the U.S.
  • 27
  • Please let us know if these explanations and examples have helped you, Irfan.
  • 28
  • Do you have a question about American English? Send us an email at learningenglish@voanews.com.
  • 29
  • And that's Ask a Teacher.
  • 30
  • I'm Faith Pirlo.
  • 31
  • Faith Pirlo wrote this lesson for VOA Learning English.
  • 32
  • __________________________________________________
  • 33
  • Words in This Story
  • 34
  • flexible - adj. readily changed or changing
  • 35
  • gardener - n. a person who cares for a garden
  • 36
  • obesity - n. the state of being overweight in an unhealthy way