| Let's do some math .. Rounding examples of 10 random hypothetical purchases: | ||||||
| Case | Tag Price |
Sales Tax % |
Raw Total Incl. Tax |
Rounded to Penny |
Rounded to Nickel |
Rounded to Dime |
| Purchase #1 | $59.43 | 3.290% | $61.3852 | $61.39 | $61.40 | $61.40 |
| Purchase #2 | $224.95 | 12.394% | $252.8303 | $252.83 | $252.85 | $252.80 |
| Purchase #3 | $187.99 | 5.571% | $198.4629 | $198.46 | $198.45 | $198.50 |
| Purchase #4 | $144.51 | 7.788% | $155.7644 | $155.76 | $155.75 | $155.80 |
| Purchase #5 | $208.45 | 12.800% | $235.1316 | $235.13 | $235.15 | $235.10 |
| Purchase #6 | $120.75 | 8.539% | $131.0608 | $131.06 | $131.05 | $131.10 |
| Purchase #7 | $174.99 | 11.200% | $194.5889 | $194.59 | $194.60 | $194.60 |
| Purchase #8 | $9.25 | 9.853% | $10.1614 | $10.16 | $10.15 | $10.20 |
| Purchase #9 | $174.76 | 6.784% | $186.6157 | $186.62 | $186.60 | $186.60 |
| Purchase #10 | $77.91 | 11.289% | $86.7053 | $86.71 | $86.70 | $86.70 |
| 10 purchase totals = | $1,382.99 | $1,512.7065 | $1,512.71 | $1,512.70 | $1,512.80 | |
Come on folks.. this just does not make any cents. We got rid
of the 1/2 cent back in 1857.. Getting rid of the 1 cent coin is way, WAY past due.
The penny has become a social and cultural
anachronism.
If our friends in Canada, Australia and a dozen other countries can stop the use of their
pennies, why can't we?