Quote:
Originally Posted by seajewel
we like to psyche ourselves out. See, for example, the whole strategy of pricing things at $139.99 rather than $140. I'm sort of kidding about that, but not entirely. Personally, I hate 1cent pieces and wish we would deal only in 10 and 50c pieces (it makes counting your change a lot easier.. ) but that comes of having lived in a country where it was like that.
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I think the pricing strategy applies to most countries, a great deal of things here in the UK are priced just below a whole number. Fuel is a classic example where petrol and diesel are always XXX.9 pence per litre.
And whilst this works fine in the UK where that is the price you pay surely it falls down in the US where the $139.99 suddenly becomes more when you apply the sales tax.
The best country I have ever been to is Egypt. They only ever use paper money and the smallest denomination is 1 Egyptian Pound so everything is priced in whole pounds. Admittedly at the time an Egyptian pound was only worth about 10 pence ($0.15)
