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Re:A Penny Saved: Psychological Pricing by vacri on Friday October 18, 2013 @06:46PM (#6574481)
Interestingly, in Australia where taxes are in the sticker price, most retail prices are .99 or .95. When I was in the US, where the taxes mean you have no idea what the checkout price will be, it was weird to see so many prices at .29, 39, .59 and so on.

I assume it was tax-related, because forking over cash and getting shitty amounts of coins back is not something that's common in Australia, but a necessity of the way Americans do retail - and a .99/.95 regime helps avoid that. There's no 'leave a penny/take a penny' tray in Australian retail culture, for example. This reasoning is admittedly idle speculation, IANARetailer.

Re:A Penny Saved: Psychological Pricing by logn on Friday October 18, 2013 @09:43PM (#6574998)
It's tax-related, but also because every state, city, and county can add their own sales taxes, so the only way to advertise prices for a national chain is by excluding sales taxes. As a result most businesses, even just local ones, follow suit. And the taxes can change after any government budget meeting or vote. Plus, many retailers attempt to keep pace with or beat inflation, so prices tend to slowly rise, by pennies at a time.
Re:A Penny Saved: Psychological Pricing by wtbob on Friday October 18, 2013 @07:56PM (#6574705)
> There's no 'leave a penny/take a penny' tray in Australian retail culture, for example.

There wasn't one when I was a boy in the US, at least not that I remember. I think that they started to be a thing around the time I graduated college, and of course they're now everywhere. Just today I paid for some coffee and got back an integer number of dollars because the clerk made up the cost. Of course, it was in her interest, because I throw change or a dollar into the tip jar when the tab is small enough that the tip is less than a dollar.

Re:A Penny Saved: Psychological Pricing by Amadou on Saturday October 19, 2013 @01:25AM (#6575462)
I down-modded you because references to when you were a boy and when you were in college without actual dates are meaningless to everyone else.
Re:A Penny Saved: Psychological Pricing by nitrogen on Saturday October 19, 2013 @04:48AM (#6575814)
I really don't think that's worthy of a downvote, though. Being deliberately obscure with dates and ages can even be interesting sometimes.