All shops seem to price there goods ending with 99 p. Would it be a good idea to introduce a 99 pence coin ?.
2006-10-28 03:08:21 · 16 answers · asked by psychodad 3 in Business & Finance ➔ Other - Business & Finance
The idea of prices finishing with 99 pence was not just to make things appear cheaper. It was also to avoid fraud from employees. If someone hands over the cash for an item costing 99p the salesperson has to open the till to give the change back whereas a pound can easily be slipped in one's pocket if the customer does not want a receipt.
2006-10-28 03:34:24 · answer #1 · answered by WISE OWL 7 · 0⤊ 0⤋
Not realistic form of coin as it will possible confuse people as the main aim of business to keep prices ending with £.99 is a psychological game that they are playing as this tends to sound cheaper than £1 for example.
It is basically a way of fooling people to think that the item is cheap.
But it will really help as it will reduce in a way the use of £.01 as change. So less amount of change is carried.
2006-10-28 03:29:40 · answer #2 · answered by leo 1 · 0⤊ 0⤋
What a beautiful suggestion. The only thing that we could do to better your idea is to change our currency completely, not to the Euro, obviously, but to go back to Pounds, Shillings and Pence. Twelve pence in one shilling, twenty shillings in a Pound. All we'd have to do is cut all prices and wages by 90% and beer would be 3d a pint and bread for a ha'penny.
PS I am old.
2006-10-28 04:27:19 · answer #3 · answered by bigleo 1 · 0⤊ 0⤋
the 0.ninety 9 isn't for the shops to save, now to not furnish you adjust, fairly in on the instantaneous's international with using playing cards. in spite of the indisputable fact that that is only a promotion ploy, organic human determining to purchase habit and phychology: 2.ninety 9 isn't 3, once you study that fee, you go, that is in basic terms $2... now there is the suggestion accessible to continually have 4 pennies on your pocket, so that you'll get more effective replace (money). say it costs $2.ninety 9, you provide $3+4pennies, and get a 5cent coin in replace. to confirm that is the point of pricing like this, seem ahead to a fee boost. costs not in any respect go up for the authentic percentage. Say 25% on $2.ninety 9 is in basic terms not listed as $3.seventy 4, yet as $3.ninety 9 (33.40 4% boost). Sorry, my pc doesn't do the united kingdom money sigh, yet I were given your aspect. yet another component I discovered the following contained in the U. S.: the decrease than 0.ninety 9 pricing (like 95 cents, ninety 8 cents-2.95, 1299.ninety seven) means that the article has been discontinued and not in any respect synthetic and acquired anymore. that is making waiting to get off the market (the save is promoting the ultimate inventory of that merchandise)
2016-12-05 07:49:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Shop prices often end in 99p to make the cashier open the till to get the change out, this way it is harder for them to pocket the money themselves by not ringing the sale up
2006-10-28 03:11:21 · answer #5 · answered by Flibble 3 · 1⤊ 0⤋
Hey what a good idea!! I always seem to collect loads of 1ps in my purse as a result of paying for things that are £?.99p
2006-10-28 03:11:21 · answer #6 · answered by EVSCHICK 2 · 0⤊ 0⤋
Ive been thinking that for years it would save all them pennys and a pocket full of change
2006-10-28 03:46:44 · answer #7 · answered by Anonymous · 0⤊ 0⤋
NO cos the reason they do this is because it is psychological puttng £1.99 sounds cheaper than £2.
2006-10-28 03:10:27 · answer #8 · answered by Katie G 3 · 0⤊ 0⤋
i think they should just round everything up, get rid of coppers cos although its good to save up its really dirty and is probably the reason for the spread of most diseases!
the smallest coinage should be 10p in my opinion!
2006-10-28 03:11:49 · answer #9 · answered by Sneaky 2 · 1⤊ 0⤋
Waist of time - just pay a pound and leave. Ignore them or just leave a tip.
2006-10-28 03:15:10 · answer #10 · answered by Borat2® 4 · 0⤊ 0⤋