The phrase 'Pay the Price' means to suffer the consequences of someone's actions.
Example of Use: "Jack drank so much last night! Now he's paying the price for it."
Scholars found the first instance of a term with a meaning similar to the idiom 'pay the price' in ancient Greek text, where the word 'tinein' was used to describe punishment and defined as “to pay a price, punish, take vengeance.” In Old English, the word 'worth' seen as 'weorþ' had several different meanings; among them, worthiness, merit, or price in terms of equivalent value.