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For the sixth year in a row, pennies and nickels cost more to produce in 2011 than they were worth. While the depreciation of the cent and the increased cost of producing coins is an old story, the U.S. Mint did reach a new milestone last year: For the first time in history, both the five-cent and one-cent denominations cost double their value to produce.
It’s been estimated that movie theaters make an 85% profit at the concessions stand on overpriced soda, candy, nachos, hot dogs and, of course, popcorn. Movie-theater popcorn has been called one of America’s biggest rip-offs, with a retail price of nine times what it costs to make.
Navigated from TIME
Everyone loves a good deal, but going cheap at the expense of your health, home or sanity is just plain stupid. To get you on track, here are rounded up 12 of the most penny smart and pound foolish moves you can ever make with your money.
Navigated from Business Insider
