Is the Price a Bargain?
Once upon a time, bargain shopping was fun for my daughters and me. We would look at the price tag and usually, we could figure out if it was a bargain. Now, because of COVID, we do most of our shopping on line. Personally, sometimes, I wonder if the prices on some items are really the sale prices or the original inflated prices posted as sale, particularly if the pre-sale price is not listed. So, how do you know if it really is a SALE?
What would you do to figure out if it’s a bargain? Let me know in the comments
The Federal Trade Commission (FTC) and states have very specific rules on “Deceptive Pricing.” Usually, before an item goes on sale, there must be a regular price established for x time before going on sale. Also, the sale price can only be offered as the sale price for x amount of time, before it becomes the new regular price. The timing varies from state to state.
Personally, when I suspect “deceptive pricing”, I ask questions such as what is the original price? How long was that the original price before the sale? How long is the sale? Usually, there are ways to figure out if it’s really a sale.