Net price refers to the price of a product or service after all deductions or discounts have been applied. Synonyms for the term net price include final price, discounted price, after-tax price, or net cost. Other related terms include the selling price, gross price, list price, or retail price. The net price of a product or service is an essential factor for both customers and sellers. Customers typically look for the lowest net price to ensure they are getting the best deal, while sellers strive to optimize their net price to maximize profits while remaining competitive in their market.