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What does “pay through the nose for (something)” mean?

Meaning, example sentence and a quick practice question.

B2

To pay much more for something than it's really worth

“We paid through the nose for parking at the airport.”

From the B2 lesson Tightening the Belt (money idioms).

Quick check

What does “pay through the nose for (something)” mean?

Teaching this phrase?“pay through the nose for (something)” is part of a ready-to-teach lesson, with a reading, three exercises, speaking tasks and an answer key, in Everyday English Chunks B2 Pack 3 (Money, Food, Work and Travel).
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