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Why is everything $*.99?

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JohnCU

JohnCU

Banned
Dec 9, 2000
16,528
4
0
Everytime I see a price, it's always $29.99, $9.99, or something else with $.99. Why not just go to the next penny?
 
Azraele

Azraele

Elite Member
Nov 5, 2000
16,524
29
91
It's an advertising trick. It makes people think the item is cheaper ($1.99 vs $2.00).
 
P

propellerhead

Golden Member
Apr 25, 2001
1,160
0
0
Because an item priced at $29.99 will always outsell the same item priced at $30.00. Sure you can argue you look at $29.99 as $30.00, but talk to anyone in retail. $*.99 always wins.
 
V

Valhalla1

Diamond Member
Oct 13, 1999
8,678
0
76
on my recent trip to europe I noticed that NOTHING was .99 or .95 like we americans make it.. Euro coins are hard to come by so everything is *.00 or *.50
 
A

amnesiac

Lifer
Oct 13, 1999
15,781
1
71
It's simple retail psychology. Same reason why bright colored boxes have more draw, the word "NEW!!" will always attract attention, etc. Consumers as a whole are stupid cattle, and companies make use of this fact.
 
J

jimmyhaha

Platinum Member
Jan 7, 2001
2,851
0
0
it's a stupid pricing plan used online when we have already enough rubberband or paperclip from staples or others

paper clip shipped seperately in a seperate box...

lame coporate america ....

bah hahahaha...

 
Bignate603

Bignate603

Lifer
Sep 5, 2000
13,897
1
0
Actually, it dates back to when Sears was THE store to get everything. They started moving towards odd prices like that so people knew they had change coming back and would make sure the cashiers would give them the correct change. Apparently they had problems with shady cashiers slipping a couple bills when the price came out even and the people wouldn't notice.
 
S

Scuttle

Senior member
Sep 22, 2001
259
0
0
Originally posted by: Valhalla1
on my recent trip to europe I noticed that NOTHING was .99 or .95 like we americans make it.. Euro coins are hard to come by so everything is *.00 or *.50
Click to expand...

Over here in Britland Most things are either £x.x5 or £x.99. I very rarely see anything charged out of that standard. Maybe things are different on the other side of the channel?
 
Amused

Amused

Elite Member
Apr 14, 2001
57,387
19,687
146
Uneven pricing got it's start because R.H. Macy wanted to force his cashiers to make change to discourage pocketing of cash. Before that, no one priced their goods this way.
 
Amused

Amused

Elite Member
Apr 14, 2001
57,387
19,687
146
Originally posted by: Bignate603
Actually, it dates back to when Sears was THE store to get everything. They started moving towards odd prices like that so people knew they had change coming back and would make sure the cashiers would give them the correct change. Apparently they had problems with shady cashiers slipping a couple bills when the price came out even and the people wouldn't notice.
Click to expand...

Nope, it was started by Macy's. But you got the reason right :)
 
V

Valhalla1

Diamond Member
Oct 13, 1999
8,678
0
76
Originally posted by: Scuttle
Originally posted by: Valhalla1
on my recent trip to europe I noticed that NOTHING was .99 or .95 like we americans make it.. Euro coins are hard to come by so everything is *.00 or *.50
Click to expand...

Over here in Britland Most things are either £x.x5 or £x.99. I very rarely see anything charged out of that standard. Maybe things are different on the other side of the channel?
Click to expand...

will you all dont use the Euro, I didnt visit england but in france, germany, the netherlands everything was on the euro or *.50 euro
 
Bignate603

Bignate603

Lifer
Sep 5, 2000
13,897
1
0
Originally posted by: AmusedOne
Originally posted by: Bignate603
Actually, it dates back to when Sears was THE store to get everything. They started moving towards odd prices like that so people knew they had change coming back and would make sure the cashiers would give them the correct change. Apparently they had problems with shady cashiers slipping a couple bills when the price came out even and the people wouldn't notice.
Click to expand...

Nope, it was started by Macy's. But you got the reason right :)
Click to expand...

I can buy that it was Macy's, my memory might be going in my old age (I'm 18), lol
 
Bignate603

Bignate603

Lifer
Sep 5, 2000
13,897
1
0
Originally posted by: AmusedOne
Originally posted by: Bignate603
I can buy that it was Macy's, my memory might be going in my old age (I'm 18), lol
Click to expand...

LOL, wait until you reach your mid thirties :p
Click to expand...

I call my bad memory selective alzhimers, I remember what I think is important and forget the rest. It works for me, ignorance is bliss.
Click to expand...
 
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