Meaning of “knock sth down” in the English Dictionary

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"knock sth down" in Business English

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knock sth down

phrasal verb with knock uk /nɒk/ us verb [ T ]

to reduce the price of something you are selling, or persuade someone to reduce the price of something they are selling:

knock sth down from/to sth They managed to knock the price down from €290,000 to €220,000 .
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(Definition of “knock sth down” from the Cambridge Business English Dictionary © Cambridge University Press)