| 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 | $61.38 | 7.302% | $65.862 | $65.86 | $65.85 | $65.90 |
| Purchase #2 | $189.76 | 5.190% | $199.6085 | $199.61 | $199.60 | $199.60 |
| Purchase #3 | $233.63 | 13.424% | $264.9925 | $264.99 | $265.00 | $265.00 |
| Purchase #4 | $161.73 | 8.208% | $175.0048 | $175.00 | $175.00 | $175.00 |
| Purchase #5 | $76.29 | 8.482% | $82.7609 | $82.76 | $82.75 | $82.80 |
| Purchase #6 | $219.63 | 8.863% | $239.0958 | $239.10 | $239.10 | $239.10 |
| Purchase #7 | $138.86 | 8.403% | $150.5284 | $150.53 | $150.55 | $150.50 |
| Purchase #8 | $10.56 | 6.813% | $11.2795 | $11.28 | $11.30 | $11.30 |
| Purchase #9 | $230.55 | 3.777% | $239.2579 | $239.26 | $239.25 | $239.30 |
| Purchase #10 | $137.29 | 6.837% | $146.6765 | $146.68 | $146.70 | $146.70 |
| 10 purchase totals = | $1,459.68 | $1,575.0668 | $1,575.07 | $1,575.10 | $1,575.20 | |
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?