| Let's do some math .. Rounding examples of 8 random hypothetical purchases: | ||||||
| Case | Tag Price |
Sales Tax % |
Raw Total Incl. Tax |
Rounded to Penny |
Rounded to Nickel |
Rounded to Dime |
| Purchase #1 | $94.67 | 10.153% | $104.2818 | $104.28 | $104.30 | $104.30 |
| Purchase #2 | $213.90 | 13.231% | $242.2011 | $242.20 | $242.20 | $242.20 |
| Purchase #3 | $181.72 | 7.108% | $194.6367 | $194.64 | $194.65 | $194.60 |
| Purchase #4 | $91.47 | 6.640% | $97.5436 | $97.54 | $97.55 | $97.50 |
| Purchase #5 | $38.31 | 12.306% | $43.0244 | $43.02 | $43.00 | $43.00 |
| Purchase #6 | $181.89 | 9.609% | $199.3678 | $199.37 | $199.35 | $199.40 |
| Purchase #7 | $71.35 | 6.397% | $75.9143 | $75.91 | $75.90 | $75.90 |
| Purchase #8 | $46.92 | 11.310% | $52.2267 | $52.23 | $52.25 | $52.20 |
| 8 purchase totals = | $920.23 | $1,009.1964 | $1,009.19 | $1,009.20 | $1,009.10 | |
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?