Roger S
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Because the items would be sold in vast quantities so that when it is calculated out it makes a difference in TOTAL price.
For example, if you were buying 1,000,000 litres of oil etc.
Also, items they might be sold in packs of 100, a pack might be 99 cents, which would give a unit price of 0.99 cents each.
Why don't you give an example - that might help? |
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la buena bruja
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They do it because they're stupid! |
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Flyer
 |
Unfortunately yes they will return a penny.
It is phsycological because something advertised as $7.99 seems much cheaper than something that is $8.00. Ultimately, if you are going to charge $8.00, you might as well charge $8.99.
Back when a penny had some value, it wasn't such a big joke, but now that the penny is worth less than the material that it is made of, it is a joke.
They need to get rid of the penny. Then companies will round prices such as $7.95 instead of $7.99 |
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Y!A Protection Officer
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i have no idea good q |
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shortcake
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Because it sounds cheaper than $1.00 + tax... they always leave out the tax. |
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Trilinear
 |
It's done to make the item appear much cheaper than before. It's just a psychological trick that stores use to make consumers buy more even though the "savings" are negligible.
For more information check out the Wikipedia link I included. |
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christybitencourt
 |
They do it because .99 sounds cheaper than $1.00. It's some psychological gimmick that was invented, and trust me, it works even though we may not believe it. |
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AE N
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They still do make the penny in the USA.
Some products are worth 99 cents! Thank goodness for that because I can't seem to find that darn penny to pay for that dollar item.
Can someone lend me a penny! |
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joyceeleann
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because its sounds better and less than a dollar...i you think that is bad...trying explaining why they charge 9/10ths of a gallon at the gas station.... |
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Flame
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$19.99 sounds better then $20.00 |
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ano-ne
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it's just a marketing tactic so that at first glance, you'll think it's cheap. plus they can save a lot if they won't give at least 300 people entering their store on a daily basis their .01 change. |
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DAVID
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WAit what??? This is kinda confusing me, but won't they just give you a whole penny? I mean a whole dollar is 100 pennies? |
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