article_snippet.sent: In fact, sellers who end their price with ‘00’ typically receive offers that are five to eight per cent lower than those with more specific prices.
article_snippet.sent: Sellers on eBay who end their price with ‘00’ typically receive offers for their goods that are five to eight per cent lower than those with more specific prices, such as this watch example .
article_snippet.sent: The study found that prices that end in '00' as above are more likely to sell quickly, but may not attract the most lucrative counter offers from sellers .
article_snippet.sent: Either way, the last two digits of the price is 'cheap talk'.
article_snippet.sent: This is interesting because the last two digits of a price make little difference to the price, ’ Professor Gans notes.
article_snippet.sent: The authors found was that while the effect The authors observed didn’t happen for all other prices, it did arise for prices that ended in 99 cents.
article_snippet.sent: Prices ending in 99 cents, or 99 pence, are very common in shops and send out the same type of signal as the ‘00’ prices, The authors said.
highlights_snippet.sent: Sellers who end prices with ‘00’ typically receive offers up to 8% lower .
  