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Old 01-05-09, 03:53 PM   #1
svdemon
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Default 93.9p Petrol Price

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?
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Old 01-05-09, 03:55 PM   #2
the_lone_wolf
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Default Re: 93.9p Petrol Price

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...
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Old 01-05-09, 03:57 PM   #3
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Default Re: 93.9p Petrol Price

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.
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Old 01-05-09, 04:48 PM   #4
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Default Re: 93.9p Petrol Price

Quote:
Originally Posted by the_lone_wolf View Post
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.
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Old 01-05-09, 05:01 PM   #5
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Default Re: 93.9p Petrol Price

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
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Old 01-05-09, 05:02 PM   #6
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Default Re: 93.9p Petrol Price

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
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Old 01-05-09, 05:28 PM   #7
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Default Re: 93.9p Petrol Price

I wonder how they workout the total at the till, they must round up. Robbing gits!
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Old 01-05-09, 05:31 PM   #8
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Default Re: 93.9p Petrol Price

In business they call it a psychological pricing method.
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Old 01-05-09, 06:19 PM   #9
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Default Re: 93.9p Petrol Price

Its to **** us all off...
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Old 01-05-09, 06:22 PM   #10
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Default Re: 93.9p Petrol Price

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Originally Posted by Spiderman View Post
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

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
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