2007-02-21 17:48:03 · 5 answers · asked by whoamI?? 1 in Social Science ➔ Economics
It is also a marketing practice to price with $ x.99, so the customer has the perception of paying the lowest whole dollar-which means cheaper (when it's not!). For example an item which costs $2.99 can be considered a psychological manipulation to make it look as if it still costs $2 , but not yet $3! The reality is , the customer is in fact paying the next whole dollar,and the purchase is really costing more, and over $3 if VAT is seperately charged (as in Canada). Some countries have abolished 1 cents, so u can never get 1 cent change back!
Imagine how much profits the firms in these countries are making from all the accrued 1cents change they kept for themselves?
2007-02-21 19:10:39 · answer #1 · answered by She-whom-shall-not-be-named 4 · 0⤊ 0⤋
I like the Elvis Idea. Wal-mart has trumped the x.99 and prices many things at x.88
2007-02-21 18:24:10 · answer #2 · answered by sw1irly 1 · 0⤊ 0⤋
To make counting change easier, what with the introduction of the 99 cent coin. You know, the one with Elvis on it.
2007-02-21 17:59:24 · answer #3 · answered by KevinStud99 6 · 0⤊ 0⤋
It's to make it look like the product is a lot cheaper then it actually is
2007-02-21 19:51:25 · answer #4 · answered by Mike J 5 · 0⤊ 0⤋
to trick the customer to think they are saveing money, when they are n,t. ,i learned that from callage.
2007-02-21 17:57:54 · answer #5 · answered by i,m here if you need to talk. 6 · 0⤊ 0⤋