Results 1 to 3 of 3
  1. Senior Member
    Student or Learner
    • Member Info
      • Native Language:
      • Korean
      • Home Country:
      • South Korea
      • Current Location:
      • South Korea

    • Join Date: Jun 2007
    • Posts: 1,271

    pennies on the dollar

    Please help me understand the following in bold.

    1. A lot of consumers may find it hard to feel sorry for big, fat cat corporations like Louis Vuitton or Disney when Chinese pirates and counterfeiters knock off their luxury handbags or first-run movies and then sell them for pennies on the dollar.

    Does the above just mean "sell them cheap"? Why do they express like that?

    2. A Social Security couple who are already being eaten alive by medical expenses needs a new drug not yet covered by insurance or Medicare. So, they try an online "Canadian" pharmacy that offers cheap drugs.....

    In the above, if a drug is covered by insurance, doesn't it mean you can get it cheap? Why does the couple a new drug not covered by insurance?

    Thank you.

  2. Soup's Avatar
    VIP Member
    English Teacher
    • Member Info
      • Native Language:
      • English
      • Home Country:
      • Canada
      • Current Location:
      • China

    • Join Date: Sep 2007
    • Posts: 5,882

    Re: pennies on the dollar

    1. Sell them cheap; Pay a low cost for a large price you may otherwise take. Just pennies on the dollar that you would have paid.

    2. The insurance company pays for the drug. Medical coverage.

    • Join Date: Nov 2007
    • Posts: 5,409

    Re: pennies on the dollar

    1. The implication is that these fashion labels price and sell their products for exorbitant amounts. People are paying for the 'name' - see, I'm carrying a Gucci bag. It can't be the cost of manufacture because...Chinese pirates are making copies of the products and are able to see them cheaply - so cheaply, that for every dollar you pay to buy a genuine Gucci bag, I only pay a few pennies because the pirates are selling them that way - pennies for every dollar Gucci would charge you.

    2. Not every drug available is cover by private medical insurance companies in the States, and new drugs in particular have to be shown to be highly effective before they are added to that list. For whatever reason, the drug they need is not on the list that insurance will pay for so they have to buy it themselves...and seemingly, can buy it cheaper in Canada than in the States.

Similar Threads

  1. three dollar bill
    By Tombraiders in forum Ask a Teacher
    Replies: 7
    Last Post: 17-Jun-2008, 17:52
  2. bottom dollar
    By blouen in forum Ask a Teacher
    Replies: 4
    Last Post: 06-Nov-2007, 02:56
  3. A canadian dollar
    By musicgold in forum Ask a Teacher
    Replies: 12
    Last Post: 26-Oct-2006, 14:37
  4. Change a two dollar into two one dollar?
    By yena in forum Ask a Teacher
    Replies: 1
    Last Post: 17-Jan-2006, 07:40
  5. a dollar more
    By whl626 in forum Ask a Teacher
    Replies: 3
    Last Post: 05-Jan-2004, 15:52


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts