View Full Version : 93.9p Petrol Price
svdemon
01-05-09, 03:53 PM
Does anyone know why petrol is priced at xx.9p? I always wondered why so i thought i would put it to the mighty org.
Also do they round it up or down?
the_lone_wolf
01-05-09, 03:55 PM
Same reason everything is priced £X.99
Because the human mind interprets £9.99 as being more cheaper than £10.00 than it really is...
plowsie
01-05-09, 03:57 PM
If people shorten it out don't they often say the pence it says too, if like you say it's 93.9, mum asks me what prices are, I just go '93 mum, 93'. It's wrong, its more 94.
Same reason everything is priced £X.99
Because the human mind interprets £9.99 as being more cheaper than £10.00 than it really is...
I think its also to do with having too many zeroes makes it easy to make mistakes, when accounting etc. You miss or add a zero and it all goes pear shaped.
Spiderman
01-05-09, 05:01 PM
pricing is soooo made up its ridiculous. I only learnt last year that PC World price items they know are to be discontinued soon or are already discontinued as £XX.82p, the .82p being the signifier for them and their staff, not info on general release to the buying public :roll:
dont know about petrol ,but I was always led to believe that originally things were priced at £4.99 etc to cut down on thieft.If something cost £4.99 then the moneey had to go in the Till to get the change out,in stead of it being pocketed
svdemon
01-05-09, 05:28 PM
I wonder how they workout the total at the till, they must round up. Robbing gits!
jamesterror
01-05-09, 05:31 PM
In business they call it a psychological pricing method.
ThEGr33k
01-05-09, 06:19 PM
Its to **** us all off... :p
pricing is soooo made up its ridiculous. I only learnt last year that PC World price items they know are to be discontinued soon or are already discontinued as £XX.82p, the .82p being the signifier for them and their staff, not info on general release to the buying public :roll:
True - and also a similar rule applies if it ends in xx.18 with that store chain. Back on topic, I was always led to believe that it's as was stated by gid, the .99 means that the shop staff have to open the till to give you your change rather than trouser the whole amount
It just sounds cheaper than rounding it up by one pence. Its not always .9p though.
svdemon
01-05-09, 08:18 PM
Its not the fact of 99p its the fact that they break it down to .9 of a penny that i don't get. No other shop does that! You can't pay in fractions of a penny!
Thingus
01-05-09, 11:18 PM
From setting wholesale prices i kinda have some experience lal... as far as i know it's also to hide GP, because a constant .99p or whatever isn't the same as 47p etc... you can hide the margins with a nice round 99p :p or 55p etc.
And if i'm right which i'm quite possibly not... they will round up anyway, so even though you think you get the .1 or a penny less than a penny they'll charge you the full penny anyway O.O feel free to correct my stupidity.
Dont get me going on the price of stuff. Had the wonderful task of taxing both the car & the bike yesterday (& me m8s wondered why im not on a rally with them this weekend - pfft). Imagine my surprise
when I reached the P.O. counter, only to be told that my car road fund license had gone up at midnight - oh the joy - good job the Mrs was with me 'cos I'd only got the "correct" amount on me! Sorry, slight derail there. But yeah, I would personally love to go to a petrol station & buy 1 litre of petrol just to see the face of the cashier as I waited for my change. Since when has 0.1 of a penny been legal tender?
svdemon
02-05-09, 01:03 PM
Dont get me going on the price of stuff. Had the wonderful task of taxing both the car & the bike yesterday (& me m8s wondered why im not on a rally with them this weekend - pfft). Imagine my surprise
when I reached the P.O. counter, only to be told that my car road fund license had gone up at midnight - oh the joy - good job the Mrs was with me 'cos I'd only got the "correct" amount on me! Sorry, slight derail there. But yeah, I would personally love to go to a petrol station & buy 1 litre of petrol just to see the face of the cashier as I waited for my change. Since when has 0.1 of a penny been legal tender?
That is a good shout, i'd love to hear the argument!!!
kurtis.randle
02-05-09, 01:27 PM
Does anyone know why petrol is priced at xx.9p? I always wondered why so i thought i would put it to the mighty org.
Also do they round it up or down?
WOW is the forum that bored.
kurtis.randle
02-05-09, 01:29 PM
Does anyone know why petrol is priced at xx.9p? I always wondered why so i thought i would put it to the mighty org.
Also do they round it up or down?
DOES ,it really have to take the MIGHTY org to figure that out.
El Saxo
02-05-09, 04:08 PM
But yeah, I would personally love to go to a petrol station & buy 1 litre of petrol just to see the face of the cashier as I waited for my change. Since when has 0.1 of a penny been legal tender?
I'm probably a bit sad for knowing this, but there's a 'minimum delivery' stated on the pumps that they'll probably use as their get-out clause on that one! I used to work in a petrol station and I never saw the point in the xx.9p pricing either. :lol:
As for rounding up though, I'm pretty sure the system will only round up the final figure, so it will add up the total at 93.9p a litre, then round up the total amount to the nearest whole penny, rather than them rounding it up to 94p a litre which would actually net them an extra 1p per 10 litres (if my maths is right?).
kurtis.randle
02-05-09, 09:53 PM
I'm probably a bit sad for knowing this, but there's a 'minimum delivery' stated on the pumps that they'll probably use as their get-out clause on that one! I used to work in a petrol station and I never saw the point in the xx.9p pricing either. :lol:
As for rounding up though, I'm pretty sure the system will only round up the final figure, so it will add up the total at 93.9p a litre, then round up the total amount to the nearest whole penny, rather than them rounding it up to 94p a litre which would actually net them an extra 1p per 10 litres (if my maths is right?).
they cant do anything cuz they cant put the petrol back in lol plus could be contamination ect the pumps only go up by a penny not 0.9ect
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