Watch your 5toea change

Letters

Do you know that you are being robbed of your 5t change for every item you buy during your shopping?
Many shops from big to small are charging 5t mark-up for their goods on display, which they believe would be valued less on the customer’s end. However, in reality, 5t is an additional profit that they incur on top of the initial profit.
For example, let’s say a shop in Port Moresby has 1000 customers on average a day. Let’s assume these customers have not been given their 5t change on an item that they have bought. The shop will make K50. For one financial year the shop will make a profit of K18,250 (K50×365 days) on this particular item.
Now let’s assume that these customers bought an item worth K1.25t, and 20t is the initial mark up on the item.
Then the shop will make a profit of K200 (20t×1000 customers).
In a year, the shop will make K73,000 from this item.
You add this to the 5t profit and it will stand at K91,250.
Similarly, you then add this to all other 5t profits and it will make that shopowner a millionaire in one financial year. My fellow Papua New Guineans, please don’t be fooled by the shopowners. Ask the teller at the counter to give your valuable 5t change.  You can make a difference with that 5t, too, if you put it in the bank yourself.

Legoea Duna (eagle)
Concerned customer