| Let's do some math .. Rounding examples of 7 random hypothetical purchases: | ||||||
| Case | Tag Price |
Sales Tax % |
Raw Total Incl. Tax |
Rounded to Penny |
Rounded to Nickel |
Rounded to Dime |
| Purchase #1 | $135.70 | 7.744% | $146.2086 | $146.21 | $146.20 | $146.20 |
| Purchase #2 | $194.67 | 10.856% | $215.8034 | $215.80 | $215.80 | $215.80 |
| Purchase #3 | $39.88 | 12.276% | $44.7757 | $44.78 | $44.80 | $44.80 |
| Purchase #4 | $33.73 | 6.392% | $35.886 | $35.89 | $35.90 | $35.90 |
| Purchase #5 | $26.95 | 4.344% | $28.1207 | $28.12 | $28.10 | $28.10 |
| Purchase #6 | $95.41 | 8.303% | $103.3319 | $103.33 | $103.35 | $103.30 |
| Purchase #7 | $177.66 | 12.872% | $200.5284 | $200.53 | $200.55 | $200.50 |
| 7 purchase totals = | $704.00 | $774.66 | $774.70 | $774.60 | ||
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?