And 99 Cents: Difference between revisions
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* The lowest denomination of currency in Australia is 5 cents, ever since the 1 and 2 cent coins were abolished in the 90s. You'd think this would stop places from advertising And 99 Cents, but you'd be wrong (although ninety ''five'' cents is more common).
** EB Games in Australia actually uses the various prices to sort how items are discounted during sales. If it ends with, for example, 84, then it'll be 25% off.
** An [https://web.archive.org/web/20130507113853/http://www.money-au.com.au/news/Credit-Cards/Consumers-buy-into-99-pricing-says-study-_18698717.php experiment] conducted at an Australian restaurant suggests that this pricing trick may actually be effective. After the price of a particular menu item was reduced by a single cent (all prices started at round X.00 figures) customers became 15% more likely to order said item. When everything else was reduced to X.99 to match, the distribution of orders returned to roughly the same as before.
* In New Zealand since 2006, the smallest coin has been the 10 cent. Prices ending in .90 are the most common, but there still are .97, .98 and .99 prices out there.
** It is rare to see a price ending in .95 - there is no fixed rule on whether to round up to .00 or down to .90, although most retailers round down.
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