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Little Known Price Facts Every Person Should Know

Following is our collection of super amazing and curious facts and details explaining Price. This list is intended for research in school, for college students or just to feed your brain with. Possible use cases are in quizzes, differences, homework facts legend, cover facts, and many more. But nevertheless learn why is Price so important!

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Top 10 Price facts that will blow your mind.

  1. High priced college textbooks bundled with "access codes" that expire at the end of the semester largely force students to buy books at retail prices at campus bookstores and render the texts worthless in the resale market. Nearly four in 10 college courses bundle their texts with access codes.

  2. China creates so much synthetic diamonds that are identical to real diamonds that prices of diamonds are being driven down and De Beers has created a university to study how to identify "natural" and "man made" diamonds because no experts can tell the difference.

  3. Norman Mineta's baseball bat was confiscated when he was sent to a Japanese American internment camp as a boy. As a Congressman, he was sent a $1500 bat, which he had to send back, as it exceeded a price limit on gifts. He was quoted as saying, "The damn government's taken my bat again."

  4. Because American textbooks are sold at a lower price in Thailand, somebody was reselling them in the US and making enough of a profit to get sued by the publishers, the Supreme Court ultimately ruled against the publishers because the "first sale" doctrine applies everywhere, not just the US

  5. Hugh Jackman started his own coffee brand and foundation called "Laughing Man" after meeting a struggling coffee farmer in Ethiopia. His goal was to provide a marketplace for farmers in developing countries to sell their goods for a fair price. Jackman donates 100% of profits.

  6. An Italian schoolboy who was selling snacks on campus at a lower price than the cafeteria was suspended for 10 days. He also received a prestigious scholarship from an institute that said the boy's initiative should be "encouraged, not persecuted".

  7. The British Rock band Radiohead released their album "In Rainbows" under a pay what you want pricing strategy where customers could even download all their songs for free. In spite of the free option, many customers paid and they netted more profits because of this marketing strategy

  8. IKEA is serving food because they realized that customers don’t buy and don’t stay for long when being hungry. Their policy is to be the absolute lowest price on food within a 30-mile radius, even if it means selling at a loss. So, they take a hit on the food, but they make it up in furniture

  9. About shrinkflation, the practice of stealthily reducing a product's size while maintaining its price so that consumers may unknowingly pay the same for less. According to the UK’s Office of National Statistics, 2,529 supermarket products decreased in size or weight between 2012 and 2017.

  10. Arizona iced tea hasn't changed its 99¢ retail price since 1992

Data charts defining Price

Price figures with statistics charts presented as infographic.

price fact data chart about The salary you need to afford the median priced home in majo
The salary you need to afford the median priced home in major U.S. metros

price fact data chart about Price changes in textbooks versus recreational books over th
Price changes in textbooks versus recreational books over the past 15 years

Funny price details

Interesting definitions that can be fact checked.

The Hathaway Effect: When actress Anne Hathaway is trending on social media, Wall Street algorithms buy Berkshire Hathaway stock, causing the price to spike.

The first Roman fire brigade was created to be very lucrative. Arriving at the scene the fire fighters did nothing while a price was negotiated. Failing to reach a deal, the structure was allowed to burn to the ground after which an offer was made to purchase it for a fraction of its value.

Walt Disney created multiple fake companies (like M.T. Lott Real Estate) to buy Florida land in the 1960s. This let him acquire what is now Disney World while avoiding suspicion and keeping prices low. The stores on Main Street shop windows are the names of those original companies.

Monkeys can learn to use money. Capuchins that were taught to exchange silver discs for treats began budgeting for foods they liked, buying more of something when the price dropped, and started gambling. Eventually, rich monkeys even figured out they could pay each other for sex.

Kid Rock took a massive pay cut on his 2013 Summer tour in order to keep ticket prices for his shows capped at $20, and beer prices at $4 for 12oz.

In 2014 people created fake 90$ PS4 listings on Amazon and showed them to Walmart, thus getting a 90$ PS4 because of their price matching.

The Simpsons' "Bart Gets an Elephant" is based on an episode of "The Price is Right". An elephant was offered as a "bonus prize" as a joke. The real prize was $4,000 but the contestant wanted the elephant . The contestant got his wish & a live elephant from Kenya was delivered to him.

Following LeBron James' decision to leave Cleveland and join the Miami Heat, the sports memorabilia company Fathead lowered the price of wall graphics depicting James from $99.99 to $17.41: the birth year of infamous American traitor Benedict Arnold

Brazil's Kayapo people rejected money from dambuilding companies. "We have decided that we do not want a single penny of your dirty money... Our river does not have a price, our fish that we eat does not have a price, and the happiness of our grandchildren does not have a price"

In 1987, Fisher-Price manufactured and sold a camcorder capable of recording video footage to standard audio cassettes.

Arizona iced tea hasn't changed its 99¢ retail price since 1992

In 1999 Coca Cola invented a vending machine that could adjust its prices based on the temperature, allowing it to hike up the price of a Coke on a hot summer day. Customers denounced the idea, while even Pepsi accused Coke of exploitation

The diamond engagement ring fever was invented by an ad campaign in the 1930s and that before that few Americans proposed with the precious stone, and the price of diamond was falling

In 1947, after the price of a chocolate bar increased from 5 cents to 8 cents, 200 kids marched and protested on the capitol building in British Columbia, shutting down the government for a day. It is known as " The Candy Bar Strike".

Coca Cola had tried to sell bottled water at a premium price which happened to be tap water taken from the mains

Costco loses an estimated 30 to 40 million dollars annually by sticking to a $4.99 price point on rotisserie chicken in order to keep members happy and foot traffic high

John Carmack would ask for a medium pepperoni pizza from Domino's Pizza almost every day, during his time at id Software, and it was even carried by the same delivery person for more than 15 years. Carmack is such a regular customer that they still charge him 1995 prices.

the price of admission for a zoo in 18th century England was a dog or a cat -- they were fed to the lions.

A woman named Claire, was at a garage sale, when she decided on buying an old card table. After bargaining the price down to $25, she took it. She later found out that it was one of 6 tables left in the world by furniture makers John Seymour & Son. It later sold at an auction for $541,000.

The average black-market price of an AK-47 worldwide is $534. In certain areas in Africa, prices of AK-pattern rifles can be as low as $30. It is estimated that up to 100 million Kalashnikov assault rifles are still in use today.

After United Airlines broke Dave Carroll's $4500 guitar and refused to pay he wrote a protest song. Over the next 4 weeks United's stock price fell 10%, costing stockholders $180 million.

In 1999 Coca Cola invented a vending machine that could adjust its prices based on the temperature, allowing it to hike up the price of a Coke on a hot summer day. Customers denounced the idea, while even Pepsi accused Coke of exploitation

So much buried treasure is found in the UK that they need specific laws regarding finds. Any discovered treasure must first be offered to UK museums at a price set by the independent Treasure Valuation Committee. Only if no museums want the find can the treasure be privately sold or kept.

Capt. Harith al-Sudani. He was an Iraqi spy who infiltrated IS. He foiled 30 planned vehicle-bomb attacks & 18 suicide bombers. Once his true identity was discovered he paid the ultimate price in the line of duty.

Movie theater Popcorn costs more per ounce than Fillet Mignon, the price of Popcorn is more than 1200% higher than its production costs.

Price infographics

price fact infographic about Summer Share Price Performance for Uber, Lyft, Zoom, Pintere
Summer Share Price Performance for Uber, Lyft, Zoom, Pinterest & Slack

price fact infographic about Gap Between Median Household Income & Income Needed To Affor
Gap Between Median Household Income & Income Needed To Afford Median Priced Home In Each State