What does pennies on the dollar exactly mean?

Question

i hear it in infomericals all the time what does it mean?

Answer 1

If you spent $100 for a jacket and sold it at a yard sale for $10, that would be selling it for pennies on the dollar - a fraction of what you paid for it.

Answer 2

you pay a percentage of what its actually worth

Answer 3

its a phrase that companies use to get you confused into thinking that their services are cheap.

Answer 4

It means you're paying only pennies for something that has a said value of a dollar.  In other words, you're paying a low percentage of the actual value.

Answer 5

It takes 100 pennies to make a dollar.

So that's what you get for the money,

that's it's " moneys worth ".

Answer 6

You get it for much less.  For example, if "your tax settlement" was going to be $100 and Ronnie Deutsch got you a settlement for $2.00 she would have gotten your payment reduced to 2 cents per $1.

Answer 7

It means selling something for much less money than it is actually worth.