99 pence

[Felix Da Housecat]

It's the same reason as to why house prices are the way they are.

Why not call it £500,000? because £499,500 sounds soo much cheaper

 

[johnyccc]

I hate handling money, it's so dirty and riddled with germs and disease. But copper?! I'd rather throw it away than keep it.

 

[AJUK]

Learnt that in business stuides woop

No wonder we are headlong into a recession, or is it a stagflation?

 

[Inquisitor]

I hate handling money, it's so dirty and riddled with germs and disease. But copper?! I'd rather throw it away than keep it.

Apparently the American 5 cent coin costs about $0.075 to mint

 

[DarkPrince86]

That's even more annoying!

Having worked in a pub I used to hate people who would try and buy a pint or 2 with a card. Having to explain it has to be over a 5er. Then having to find something that will make it over a 5er by the minimum amount. Then waiting 2 minutes for the card machine to sort itself out.....

2 pints comes upto a fiver here now


I've no idea how people can afford to go out drinking every weekend

 

[MR_Punk]

Its all silly prices at my work now (ASDA) £3.54 or £9.81

 

[MagicBoy]

Everything in Tesco is something.97p They should do a 97p coin sponsored by Tesco.

 

[Tomsk]

It doesn't quite work the other way though.

'This weeks Lottery jackpot will be an amazing One million pounds and 1p."

 

[Megahurtz400]

Haven't most places started accepting <£5 on cards now?

Could be worse...I get students asking for their discount on £1 pieces of sale jewellery, takes ages sorting it out on the tills. Women....

Where i work does, had a woman pay for something that was like 59p, i was like oooo...kk!

 

[Scythe]

Yeah, I agree. It's a bit silly to still be using this method especially with todays price conscious consumers. Surely MOST people nowadays will know that there's only a 1 pence difference between £3.99 and £4.

My friend says it is £3 and disagrees when i say it is £4.

 

[Martynt74]

It doesn't quite work the other way though.

'This weeks Lottery jackpot will be an amazing One million pounds and 1p."

One lucky winner could win OVER 1 Million pounds tonight, it could be you.

How gutted would you be if you only got a penny over.

EDIT: Actually i wouldnt be gutted at all as i'd be a Millionaire

 

[Tefal]

I hate handling money, it's so dirty and riddled with germs and disease. But copper?! I'd rather throw it away than keep it.

Can't you just save it up in a jar then send it to me

 

[FeFiDoh]

"Get this PC For under £300!"

*£299.99 lol I cant believe they still use that tactic

 

[Felix Da Housecat]

"Get this PC For under £300!"

*£299.99 lol I cant believe they still use that tactic

Whoaaa where need links

j/k

 

[Jonny ///M]

About as bad as the "upto" 50% of offer at work at the moment. These bikes here that maybe were £700 for one day in one shop in the uk and are now £150........people just think bargain and buy it :S

 

["andy"]

a 99 ice cream always cost about 60-70p here

never ever associated one with 99p

 

[Spong92]

Actually the original reason 99p was used was because the shop owner wanted to make sure the Till Cashier would have to register the amount given into the till (to give change). If they rounded it to the nearest pound, the cashier wouldn't have to give change, and could pocket the money themselves.

 

[zain]

From a marketing/psychological prespective it is to attract customers and make them feel it is actually much cheaper by charging for example 1.99 instead 2.00.

Modern thinking suggests customers feel insulted as you guys are showing in your replies, it is best to charge £2 not £1.99.

Depends what you are selling imo, a fast food shop is better with the penny change as they have such varied customers, have a charity box to put a penny into and it will work on more people.

Compare it with a computer game though and the attraction would be £15, not £14.99.

 

[Viper²]

I thought it was something to do with Tax?

 

[Viper²]

P.S. if you don't like it, go to the pound shop.