Crossword Genius

Spooner can see price is exact (7)

Ross

I believe the answer is:

precise

I'm a little stuck... Click here to teach me more about this clue!

'exact' is the definition.
(I know that exact can be written as precise)

'spooner can see price is' is the wordplay.
I cannot quite understand how this works, but
'see' could be 'c' (the word for the letter, according to Chambers) and 'c' is present in the answer.
'price' could be 'pr' and 'pr' is found in the answer.
'is' is found in the answer.
The remaining letters 'ee' is a valid word which might be clued in a way I don't understand.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for precise that I've seen before include "Exact like recipes" , "Detailed, exact" , "'Exact, accurate (7)'" , "Specific" , "Recipes (anag.)" .)

I've seen this clue in the Sydney Morning Herald.
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