2006-06-29 13:30:12 · 9 answers · asked by sapientia2010 2 in Society & Culture ➔ Other - Society & Culture
Not me. I can't figure out why businesses persist in using this outmoded contrivance. Most people look at a price like that and automatically round up in their heads. A lot of people (like myself) see it as an insult to our intelligence, and it doesn't take a genius to see there's little difference.
This convention is used in cents and in dollars, but it never amounts to large amounts. For examples, you may see prices like $1.99, $19.99, $199.99 and you may see prices with no cents displayed like $199 or $1999, but you won't see that convention used in larger numbers like $100,000 and up (unless WalMart starts selling Rolls-Royce cars).
What really gets me is how the price of gas on a pump is displayed as, say $2.78.99 rather than $2.79. I mean, is there a solid study or market analysis that shows a real reason for splitting off one one-hundredth of a cent?
Pull-eeze!
2006-06-29 16:18:51 · answer #1 · answered by Bender 6 · 5⤊ 0⤋
I don't think they are prone to do that it is just what the price has been set at. Why is every cheap piece of junk on television only $19.95 and not 20 dollars. Same theory. Something is only worth what someone is willing to pay for it. In a couple more years you won't see this anymore because Penny's are slowly being taken out of circulation and things will be rounded off to the nearest 5 cents. Very soon actually.
2006-06-29 20:38:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It's a way of trying to fool the public their getting a better deal and they sometimes forget there are taxes to add also.
2006-06-29 20:37:43 · answer #3 · answered by Linda R 6 · 0⤊ 0⤋
stores use it for marketting ! As people feel they are gettign a better bargain when they hear cents and not dollars
2006-06-29 20:32:21 · answer #4 · answered by HAPA CHIC 6 · 0⤊ 0⤋
It seems "cheaper" to them because it is still considered to be under a dollar.
2006-06-29 20:33:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
well, duh. it's cheaper. cents add up. try saving every penny u get for one year. cash them in at christmas time, n beleive it or not, u'll have over $100. i've done this. when u got a family u need to count pennys.
2006-06-29 20:37:18 · answer #6 · answered by Anonymous · 0⤊ 0⤋
99c is a lot less than $1.00
2006-06-29 20:35:47 · answer #7 · answered by Kokopelli 7 · 0⤊ 0⤋
because they think they are saving money. a penny is a penny when you don't have it
2006-06-29 20:32:02 · answer #8 · answered by prmb1999 3 · 0⤊ 0⤋
don't forget sales tax.
2006-06-29 20:35:17 · answer #9 · answered by filthymaddog 2 · 0⤊ 0⤋