Price vs Prize: What's the Difference?
What's the Difference?
The word "price" means the cost of something, while "prize" is used to refer to an award.
Memory Tip: price = cost, prize = award
price ends with /s/ sound, prize ends with /z/ sound
price /praɪs/
nounThe price is how much money you need to pay for something.
Example:
The price of the new phone is too high, so I will wait for a sale.
Common patterns:
price increase
price range
price tag
price
verbTo price something means to determine or set the amount of money required to purchase it.
Example:
The price of the new phone is too high, so I will wait for a sale.
Common patterns:
price a product
price competitively
price at a premium
prize /praɪz/
nounA prize is something you get for winning or doing well.
Example:
She won a big prize in the school art contest last week.
Common patterns:
win a prize
receive a prize
Common Mistakes
She won the first price in the competition.
She won the first prize in the competition.
The word 'prize' is correct because it refers to an award given for winning.
The prize of the new phone is too high for me.
The price of the new phone is too high for me.
The word 'price' is correct because it refers to the cost of the phone.
Quick Practice
0/3 correct1. The ____ of the new phone is too high, so I will wait for a sale.
2. The ____ of the new phone is too high, so I will wait for a sale.
3. She won a big ____ in the school art contest last week.
Other Confusing Words
Never confuse price / prize again
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