sölverðs

Sölverð is the price at which a product or service is offered for sale and forms the basis for invoicing, revenue accounting, and pricing decisions in Icelandic business practice. In many contexts it refers to the price before value-added tax (virðisaukaskattur, VSK) is added, while the price paid by consumers in retail is typically the gross price inclusive of VAT. The consumer price can be expressed as the sölverð multiplied by (1 plus the VAT rate).

In practice, sölverð is used in price lists, catalogs, and business-to-business quotations, and it serves as a reference point for calculating margins and profitability. Retailers and wholesalers may distinguish clearly between the net selling price and the price shown to customers, which includes tax. The concept is central to calculating gross margin, tax reporting, and contractual terms in sales agreements.

Related terms and variations include söluverð (selling price), which is often used interchangeably with sölverð in everyday Icelandic; innkaupsverð (purchase price) for the cost of goods to the seller; and söluhagnaður (gross profit), the difference between sölverð and innkaupsverð. Etymologically, sölverð derives from the root söl- meaning sale and verð meaning price, reflecting its role as the price at which goods are sold.