How high do you think retail store profits would skyrocket if every item were sold exactly on the dollar?

For example, a $100 camera would be exactly that, $100, instead of $99.99

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  • 2 months ago

    $99.99 to $100 is hardly going to make profits "skyrocket". 1/100th of 1%. WOWEE!

    I can just imagine the company accountant announcing that at the AGM.

    "Gentlemen, I'm pleased to be able to confirm an increase in profits of 1/100th of 1%"

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  • 2 months ago

    math is not adding

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  • 2 months ago

    Very little. The extra penny wouldn't be significant. The time saved by not needing to keep making change would help. But because customers would be less likely to buy things at the higher prices, profits might go down.

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  • Anonymous
    2 months ago

    You are not real bright.

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  • Judy
    Lv 7
    2 months ago

    on each item 0 to 99 cents. But sales would likely go down drastically on items that are currently, for example, around 65 cents or less. Those items would probably only be sold in multi-packs.

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  • 2 months ago

    Probably pretty high

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  • A.J.
    Lv 7
    2 months ago

    By what you show, 0.01% price increase. Retail stores are in trouble in competing with internet sales. There have been movements to eliminate the penny because it costs more to produce than they are worth. That's why they are copper plated zinc now.  The alloy remained 95 percent copper and 5 percent zinc until 1982, when the composition was changed to 97.5 percent zinc and 2.5 percent copper (copper-plated zinc)

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  • 2 months ago

    Wrong. A great deal of marketing research has gone into setting those prices. People psychologically think that something that is only 99 dollars ( and 99 cents) is more affordable than something that is $100. Markets know that people operate on emotion, not logic. That's why there are American flags in beer commercials and babies in tire commercials. 

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  • Anonymous
    2 months ago

    Why do you think sales would skyrocket?

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