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Coin Composition Changes Proposed Yet Again, but Now in Obama’s Budget
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<p>[QUOTE="GDJMSP, post: 807057, member: 112"]It is exactly that type of thinking that stops it from happening. People keep coming up with scenarios where they believe they will lose money. BUT - they ignore all the scenarios where they will make money. Rounding works - the math is undeniable.</p><p><br /></p><p>And even if you don't realize it - rounding takes place every single day on every single item you buy. Do you really think that manufacturers and retailers price things exactly to what they need to to make money ? Wake up - of course they don't. </p><p><br /></p><p>They prices things to make you buy them. It's all a psychological game. That price of $4.99, $3.29, $8.79, $99.99 - haven't you ever wondered why they all end in 9 ? You ever see one that said $3.67 ? Once in a while, a great while, you will see one that says $7.95 - but you ever see one that says $X.55 ?</p><p><br /></p><p>It's because they know that if they say $5.00 instead of $4.99 you won't buy it. So they round it down. Most of the time they pick anumber out of the air that sounds good. It has nothing to do with what it actually cost them. They pick numbers they think you will like - numbers that appeal to you.</p><p><br /></p><p>Price rounding has been with us for years, for decades. You just didn't know it.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 807057, member: 112"]It is exactly that type of thinking that stops it from happening. People keep coming up with scenarios where they believe they will lose money. BUT - they ignore all the scenarios where they will make money. Rounding works - the math is undeniable. And even if you don't realize it - rounding takes place every single day on every single item you buy. Do you really think that manufacturers and retailers price things exactly to what they need to to make money ? Wake up - of course they don't. They prices things to make you buy them. It's all a psychological game. That price of $4.99, $3.29, $8.79, $99.99 - haven't you ever wondered why they all end in 9 ? You ever see one that said $3.67 ? Once in a while, a great while, you will see one that says $7.95 - but you ever see one that says $X.55 ? It's because they know that if they say $5.00 instead of $4.99 you won't buy it. So they round it down. Most of the time they pick anumber out of the air that sounds good. It has nothing to do with what it actually cost them. They pick numbers they think you will like - numbers that appeal to you. Price rounding has been with us for years, for decades. You just didn't know it.[/QUOTE]
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Coin Composition Changes Proposed Yet Again, but Now in Obama’s Budget
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