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2018-03-26T17:30:56+00:00

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Blog / 🎓 Educational

How retailers fool us with discounts

All the dirty tricks, that retailers use, to make discounts feasible

Click to enlarge image.

1 cent discount

Does a bright yellow price sticker promise a «Special Offer»? Look for a dirty trick. If it’s possible, have a look at the original price sticker, since it can differ from a new one just in several cents.

Recommended price

The recommended price is the amount a manufacturer states as preferable retail price.

If a price sticker shows discount from the recommended price, spend a couple of minutes to find out, what actual average market price for the product is.

Double markup price

It works as follows: before the sales, the seller gradually increases product price to be able to give generous discount the X day with clear conscience.

You will either buy the product at its usual price, or you can even unwillingly pay more than the usual price.

An advertised discount can follow a price increase. Check the earlier price before deciding whether the offer is worthwhile.

Additional discount

This is what the seller counts on stating the first price reduction of 20% followed by the other 25% discount. A buyer carelessly adds together 20 + 25 and concludes that he can buy a product with 45% discount. «Oh, but this is almost 50%! Great benefit!» — he thinks. But it is actually only 40% discount in the end.

🕶 Authorial

Are discounts profitable for us or stores?

Dan Kozlov

About author

Product manager @Moneon. Working hard at solving puzzles of the world of finance, so you don't need to.

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