Wednesday, March 16, 2011

Do You Round Down or Round Up?

Sales people thrive on customers who round prices down instead of rounding them up. It's easier to sell the $19,999 car when referring to it as $19,000. To people who round prices up, this is a $20,000 car! By the time you add taxes, duties, and all the other fees, you have a car costing far more than $19,999.

It's amusing to hear the purchaser refer to the $19,000 car they just bought, even though the sales receipt shows a price far closer to $23,000!

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