2006-07-19 03:56:21 · 18 answers · asked by Anonymous in Social Science ➔ Economics
they want to make our lives miserable
plus it is a psychological way of pricing.
eg
you see 299.99 or you see 300.00
it is just a mind game and a marketing gimmick
2006-07-19 03:59:27 · answer #1 · answered by Anonymous · 0⤊ 1⤋
this was started in the early 1900's by department stores in New York. Owners were afraid that sales clerks would not ring up a purchase and just pocket the money for an item. If the item is prices at 99p, it forces the clerk to ring it up to make change.
2006-07-19 11:00:19 · answer #2 · answered by Kutekymmee 6 · 0⤊ 0⤋
In most cases it's to make the customer feel as if they haven't been ripped off by giving them change. The smallest piece of change a shopkeeper or a supermarket can give them is of course 1p. Some other retailers have broken the mould and started to charge straight £1/£2 for items but these are not common. Also it's a chance to keep those 1p coins in circulation.
2006-07-19 11:01:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
To make more money - shops/businesses online and instore
read these:-
http://www.theregister.co.uk/2005/08/23/99_pence_coin/
http://www.zyra.org.uk/99p.htm
hope the above links work, I rember asking my older brother this question once thinking I woukld get a straight answer - I did not though
I always thought that it was a PETTY method for shops and places to make more money from the customers as generally most people don't stay and wait for the 1 pence or cence (if US) change.
2006-07-19 11:07:52 · answer #4 · answered by gary m 1 · 0⤊ 0⤋
cause 99p sounds cheaper, they used to do it in the olden days too with £2 9shillings and 9 pennies
2006-07-19 11:00:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋
try the pound shop never seen a 99p shop have u marks and spencers round up there prices
2006-07-19 11:17:20 · answer #6 · answered by toontaxidriver 4 · 0⤊ 0⤋
Most people ignore the cents on the price of things they buy when totalling in their head (if they do at all). By pricing things with the highest amount of cents possible, stores get consumers to overspend the maximum amount. It seems silly, but I've seen it in action. $1.99 + $2.99 + $3.99 = "I've only spent five dollars." In reality you've spent nine. When estimating at the store, always round the price of every item UP, then you won't get to the register and find you're paying more than you thought.
2006-07-19 11:58:31 · answer #7 · answered by rickthewonderalgae 3 · 0⤊ 0⤋
Simple, to cause us to rattle like piggy banks, when we get copper back we bang it our pockets and bags has were too embarrassed to spend it. The shop workers then know we have money cos they can hear our huge copper pockets clanging. It's the shops new door bell system.
2006-07-19 14:24:26 · answer #8 · answered by Little Bry 1 · 0⤊ 0⤋
cause 99p is cheaper than a pound. if you see something that £20 and then see something for £19.99. more than likely you buy the one that's £19.99. funny but that's why.
2006-07-19 11:00:53 · answer #9 · answered by rock_style 2 · 0⤊ 0⤋
bcause they are more likely to spend £1.99 than £2 as it looks a lot cheaper having a 1 as the pound figure
2006-07-19 11:29:40 · answer #10 · answered by mike-from-spain 6 · 0⤊ 0⤋
To make it look cheap . 99p and £1 ... even if its just 1p diffrent
2006-07-19 11:00:46 · answer #11 · answered by Rose 2 · 0⤊ 0⤋