| 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 | $179.42 | 5.799% | $189.8246 | $189.82 | $189.80 | $189.80 |
| Purchase #2 | $115.36 | 4.177% | $120.1786 | $120.18 | $120.20 | $120.20 |
| Purchase #3 | $123.28 | 5.233% | $129.7312 | $129.73 | $129.75 | $129.70 |
| Purchase #4 | $229.38 | 5.236% | $241.3903 | $241.39 | $241.40 | $241.40 |
| Purchase #5 | $106.36 | 5.831% | $112.5619 | $112.56 | $112.55 | $112.60 |
| Purchase #6 | $226.64 | 11.445% | $252.5789 | $252.58 | $252.60 | $252.60 |
| Purchase #7 | $248.59 | 13.325% | $281.7146 | $281.71 | $281.70 | $281.70 |
| Purchase #8 | $220.71 | 7.438% | $237.1264 | $237.13 | $237.15 | $237.10 |
| Purchase #9 | $139.41 | 10.462% | $153.9951 | $154.00 | $154.00 | $154.00 |
| Purchase #10 | $150.29 | 12.796% | $169.5211 | $169.52 | $169.50 | $169.50 |
| 10 purchase totals = | $1,739.44 | $1,888.62 | $1,888.65 | $1,888.60 | ||
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?