Meaning of the word "list price" in English

What does "list price" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

list price

US /ˈlɪst ˌpraɪs/
UK /ˈlɪst ˌpraɪs/

Noun

the price of an item as stated in a catalog or advertisement, before any discounts are applied

Example:
The car's list price was $30,000, but I got it for less after negotiation.
Always check the list price before looking for discounts.