why are items always short a penny
2006-12-29 22:13:30 · 16 answers · asked by Maria H 1 in Environment
It goes back to long ago when most things were bought for cash so bent cashiers had to ring up and register the full amount on the till to give you the penny change.
2006-12-29 22:22:53 · answer #1 · answered by georgeygirl 5 · 1⤊ 1⤋
It's to stop shop assistants pocketing the quid... it has to go through the cash register so the punter get's thier change.
To avoid this (if youre dishonest), you take a pile of 1p coins to work, keep them by the till, and give customers thier 1p without opening the till, say "sorry, the receipt roll ran out" and put the £1 in your pocket..... There are two reasons for doing this, A... You can steal from your employer, and claim the loss is down to shop lifting or B. If it's your business you can sell items for 99p, without them going through the cash register..... and therefore you dont need to pay income tax on that 99p.
2006-12-30 06:25:47 · answer #2 · answered by mittobridges@btinternet.com 4 · 0⤊ 0⤋
Because you would have to give change of a penny some shops like to do that and people think its seems cheaper to buy at 99p?
2006-12-30 06:30:38 · answer #3 · answered by sukito 6 · 0⤊ 0⤋
Items like 1 pound and 2 pound mean drop a penny off like if you went to a shop and they said 1-99 bplz would you give them individual change or just a normal 2 pound coin?
2006-12-30 06:17:05 · answer #4 · answered by ☺C☺h☺a☺r☺l☺o☺t☺t☺e 3 · 1⤊ 0⤋
To make things sound cheaper
To make people run items through the till and get the change out. Items for a pound and the pound can just go straight in their pocket.
2006-12-30 10:16:21 · answer #5 · answered by Stanleymonkey 2 · 0⤊ 0⤋
think its a psychological thing - its not quite a whole pound. So when stuff is like £3.99 you see the 3 and it sounds cheaper than if it was £4 even though its only 1p which to most people is pretty worthless.
2007-01-01 10:49:18 · answer #6 · answered by coy carp 3 · 0⤊ 0⤋
Its all a very clever marketing ploy, 99p is less than a pound so it looks a lot cheaper.
2006-12-30 07:49:49 · answer #7 · answered by Because I Said So 7 · 1⤊ 0⤋
Because people think that something that is only £2.99 seems a lot cheaper than £3, it's that magical figure after the £ sign that matters, not the pence, it's all a marketing ploy.
2006-12-30 06:43:44 · answer #8 · answered by mike-from-spain 6 · 0⤊ 0⤋
Yes - psychological pricing - and it seems to work on a lot of people! To me, £6.99 is "very nearly £7", but to someone standing near to me in B&Q the other day it was "oh look, only £6".
2006-12-31 01:54:49 · answer #9 · answered by Martin 5 · 0⤊ 0⤋
it is done to stop staff in shops pilfering cash. if item cost 99p then the transaction has to be registered in till to give customer back the 1p from £1
2006-12-30 06:17:16 · answer #10 · answered by BobC 4 · 1⤊ 2⤋