Why do stores sell things just under a rounded dollar?
September 11, 2008 7:01am CST
[b]For instance, prices like $49.99, $99.99...and so on. Why don't they just say $50 or $100..and so on. Does it makes that much difference? Do you think that strategy is good, when in fact $.05 are running out, or even they doesn't give the change if you give $50 or $100. So what are your thoughts to these? Happy mylotting![/b]
5 people like this
12 Sep 08
It's psychology ^_^ MOst ple will only take note on the 1st number on the price tag that we see, and it will auto etch in our mind.. lol =D ANd so, when products are being tagged at $49 or $99, our mind will start to play games thinking that it's cheap because if we pay with a $50, we will still get change back.. lol =D But if they priced their products as a whole price, $50, many ple will be discourage to buy, as it means higher price compared to the $49 they see.. hehe ^_^ Thus, it's just mind games that those shops are playing with us ^_^
11 Sep 08
its a marketing strategy my friend and its like catching the eyes of the buyers and consumers when it does not really make a difference at all...you will believe that its cheaper because its not a full 100 but only 99.99...hehehe...its a norm here in my country and i know its also adopted to all over the world...funny because i was never given any change of a cent coz it really has no value here in my country..even opur 1 peso does not have a value anymore.