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The art of guessing what your dignity is worth, then adding nine cents.

means The process of deciding how much to charge for a product or service.

from From Old French 'pris' and Latin 'pretium,' meaning worth or rewardthe same root that gave us 'precious' and 'appreciate.'

charm pricesEnding in 9 boosts sales by feeling cheaper.
anchor effectA high decoy makes everything else look reasonable.
three tiersMost buyers pick the middle option on purpose.
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