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 Post subject: Pennie: a positive rant for once
PostPosted: Fri Jun 17, 2011 7:41 pm 
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I ranted enough here and elsewhere about the stupidity of pennies (and nickels) The cost of production vs. their actual value. Their use is even more dubious.

However, they is a ray of hope. The bodega down the street doesn't do pennies. Bottle of chianti, $12.71 - my change $7.30. It is this way with all purchases there, pennies don't exist. :mrgreen:

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 Post subject: Re: Pennie: a positive rant for once
PostPosted: Sat Jun 18, 2011 3:50 pm 
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LaneH wrote:
I ranted enough here and elsewhere about the stupidity of pennies (and nickels) The cost of production vs. their actual value. Their use is even more dubious.

However, they is a ray of hope. The bodega down the street doesn't do pennies. Bottle of chianti, $12.71 - my change $7.30. It is this way with all purchases there, pennies don't exist. :mrgreen:


do they always eat the difference?


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 Post subject: Re: Pennie: a positive rant for once
PostPosted: Sat Jun 18, 2011 5:31 pm 
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Do they have a penny skiff that feeds the difference?

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 Post subject: Re: Pennie: a positive rant for once
PostPosted: Sat Jun 18, 2011 8:13 pm 
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Interesting, why would they put the penny on the price tag if they don't charge it? an interesting marketing scheme, put the penny on the tag and then not charge it to give the customer the retailer "is on their side" and doesn't bother with pennies...


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 Post subject: Re: Pennie: a positive rant for once
PostPosted: Sat Jun 18, 2011 11:54 pm 
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They always eat the difference.

The prices are standard $xx.99, which is the standard stupid of marketers to make people think that it is cheaper than it is. Then tax kicks it to whatever. MD tax rate is 6.0 %, now, so... An $11.99 bottle of wine goes to $12.71. They are not adding a penny to the price tag.

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 Post subject: Re: Pennie: a positive rant for once
PostPosted: Sun Jun 19, 2011 6:47 am 
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Oh. Okay. So, they eat the penny but, the penny comes out of profits (not a huge deal these days, even if pennies add up) and get the added PR benefit of being "on the customer's side" by merely spending a penny per purchase. Not bad. :D

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 Post subject: Re: Pennie: a positive rant for once
PostPosted: Sun Jun 19, 2011 9:08 am 
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Vitugglan wrote:
Oh. Okay. So, they eat the penny but, the penny comes out of profits (not a huge deal these days, even if pennies add up) and get the added PR benefit of being "on the customer's side" by merely spending a penny per purchase. Not bad. :D


There are a few stores locally (but i can't recall a single name right now) that advertise something along the lines of "WE PAY THE SALES TAX"

IOW, the price you see is the price you pay. Of course, the mark-up is going to pay the tax and an extra mark-up just for fun. Still, I like the concept.


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