Use rounding strategies to set prices.
There are certain ways that consumers think about money. When items are prices under $5, we think of money in $.25 increments. Over $5 and we begin to think of money in a bit bigger increment, so rounding should be up to the nearest $.50. Cross that $10 barrier and you round up to the nearest dollar. Food Services of America offers a rounding calculator to help operators set their prices in a manner that will appeal to customers. Kalkowski adds, "If rounding strategies are not utilized, your customers are literally leaving change on the table."