That is offered for sale at less than the normal price(adjective)
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Use "cut-price" in a sentence
"So what happens if a gay, black, single mother police officer discovers that eating more chocolate cures cancer, has a house that suffers a 20% drop in price due to asylum seekers being housed for free in her empty neighbours house (empty because the neighbours are away on an appalling cut-price cruise they got in the Daily Mail)."
"That is 3/8th mile from where my spouse used to work as a waitron at a cut-price diner in the early 80s."
"It was a bit lacking in event, though flatmates Laura and Samantha did their best to give us a cut-price Trinny and Susannah, trying on French maid outfits at sex shops for a fashion show."