| 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 | $211.91 | 6.555% | $225.8007 | $225.80 | $225.80 | $225.80 |
| Purchase #2 | $44.52 | 9.236% | $48.6319 | $48.63 | $48.65 | $48.60 |
| Purchase #3 | $189.65 | 7.148% | $203.2062 | $203.21 | $203.20 | $203.20 |
| Purchase #4 | $155.29 | 13.728% | $176.6082 | $176.61 | $176.60 | $176.60 |
| Purchase #5 | $177.41 | 9.268% | $193.8524 | $193.85 | $193.85 | $193.90 |
| Purchase #6 | $46.58 | 5.657% | $49.215 | $49.22 | $49.20 | $49.20 |
| Purchase #7 | $136.72 | 5.209% | $143.8417 | $143.84 | $143.85 | $143.80 |
| Purchase #8 | $70.93 | 8.430% | $76.9094 | $76.91 | $76.90 | $76.90 |
| Purchase #9 | $59.67 | 11.376% | $66.4581 | $66.46 | $66.45 | $66.50 |
| Purchase #10 | $96.50 | 5.741% | $102.0401 | $102.04 | $102.05 | $102.00 |
| 10 purchase totals = | $1,189.18 | $1,286.5637 | $1,286.57 | $1,286.55 | $1,286.50 | |
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?