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Going rate
01
the price that is presently usual for a product or service
What is the origin of the idiom "going rate" and when to use it?
The idiom "going rate" has its origins in economic and business contexts. It refers to the prevailing or current market price or standard rate for a particular product, service, or labor. It is used to describe the standard or average price or fee that is commonly accepted or charged for a specific item or service in a given market or industry.
Example
He purchased the used car at the going rate for vehicles of that make and model.
The consultant charged the going rate for her services, which was in line with other professionals in the field.
The going rate for a haircut at that salon is $40.
The company offered to pay its interns the going rate for similar positions in the industry.
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