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Originally posted by Sagacious Dolphin
[what was] the original reason for store items to be priced at just under a whole amount (e.g £9.99 as opposed to £10, or $4.95 instead of $5)?
And 'twasn't to make things look cheaper.
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Originally posted by Sagacious Dolphin
While your waiting, anyone know the original reason for store items to be priced at just under a whole amount (e.g £9.99 as opposed to £10, or $4.95 instead of $5)?
I spend much of my Sundays pondering this. It struck me that if you price things just under an amount, people are likely to pay that amount. (eg. £4.99, people give you a fiver) you give a penny change.
This is a damn sight easier than pricing stuff at £5.01, and giving 99p change when they give you £6, or more likely, £4.99 change when they give you a tenner.
Of course, in practise, this is all rubbish, as people will pay with a £20 note however cheaply you price things.
Concrete, Abstract, or Squoingy? "I don't believe in giving scripting languages because the only additional power they give users is the power to create bugs." - Mike Breitkreutz, Firaxis
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