Price vs. Rate
2023-12-02
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1Hi there! This week on Ask a Teacher, we will answer a question about the difference between the words "price" and "rate."
2Hello VOA Learning English,
3I am confused by the words "price" and "rate."
4Could you please explain these words for me?
5Irfan from Pakistan
6This is a great question, Irfan.
7Both 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.
9Let's start with "price."
10"Price" is a noun that can be countable or singular.
11As a countable noun, it means the amount of money that is exchanged for something. It can also be the amount asked for or paid.
12The price for twelve eggs was almost $5.00.
13The asking price of the house was $300,000, but it was sold for under $289,000 after negotiations.
14As a singular noun, "price" is the cost, result or loss that is paid to get something else.
15Amanda's loss of a flexible schedule is the price of going back to school.
16We can also use "price" as a verb that takes a direct object.
17Marc priced his used TV at $200.
18Let's look more closely at "rate" now.
19A "rate" is a cost or value per unit for services or time.
20This is different from the "price" of something.
21For example, you hire a gardener, and their rate is $50 an hour.
22If 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.
24Your heart rate is the number of beats per minute.
25The 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.
27It can take a direct object or not.
28Finland, Demark and Iceland rate their happiness level as very high.
29Saratoga Springs is rated as one of the best small cities in the U.S.
30Please let us know if these explanations and examples have helped you, Irfan.
31Do you have a question about American English? Send us an email at learningenglish@voanews.com.
32And that's Ask a Teacher.
33I'm Faith Pirlo.
1Hi there! This week on Ask a Teacher, we will answer a question about the difference between the words "price" and "rate." 2Question: 3Hello VOA Learning English, 4I am confused by the words "price" and "rate." Could you please explain these words for me? 5Irfan from Pakistan 6Answer 7This 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. 8Let's start with "price." 9Price 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. 11The price for twelve eggs was almost $5.00. 12The asking price of the house was $300,000, but it was sold for under $289,000 after negotiations. 13As a singular noun, "price" is the cost, result or loss that is paid to get something else. 14Amanda's loss of a flexible schedule is the price of going back to school. 15We can also use "price" as a verb that takes a direct object. 16Marc priced his used TV at $200. 17Let's look more closely at "rate" now. 18Rate 19A "rate" is a cost or value per unit for services or time. This is different from the "price" of something. 20For 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. 22Your heart rate is the number of beats per minute. 23The 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. 25Finland, Demark and Iceland rate their happiness level as very high. 26Saratoga Springs is rated as one of the best small cities in the U.S. 27Please let us know if these explanations and examples have helped you, Irfan. 28Do you have a question about American English? Send us an email at learningenglish@voanews.com. 29And that's Ask a Teacher. 30I'm Faith Pirlo. 31Faith Pirlo wrote this lesson for VOA Learning English. 32__________________________________________________ 33Words in This Story 34flexible - adj. readily changed or changing 35gardener - n. a person who cares for a garden 36obesity - n. the state of being overweight in an unhealthy way