Quote:
Originally posted by jaguar
?!?!?!?
Why the hell would it work like that?
utterly stupid
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Sure it is stupid, but businesses also like to make money.
After giving this more thought, I could see the scenario play out like this...I'll use retail as an example.
A supplier or distributor raises its prices...from my experiences, suppliers are more likely to have a price like $4.51. So, they raise their price to $4.55. Now, the retail shop has to pay 4 cents more, which could lead them to raise the price of the product to protect their profit margin...so I could wind up paying more than 4 cents.
Of course, this is a wild, worst-case scenario. Truth be told, I don't think we would really notice the price change. Get rid of the penny. It's of no real use to us anymore.
04-13-2002, 05:41 PM
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