| 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 | $35.26 | 3.553% | $36.5128 | $36.51 | $36.50 | $36.50 |
| Purchase #2 | $179.65 | 5.543% | $189.608 | $189.61 | $189.60 | $189.60 |
| Purchase #3 | $44.58 | 11.865% | $49.8694 | $49.87 | $49.85 | $49.90 |
| Purchase #4 | $20.93 | 12.429% | $23.5314 | $23.53 | $23.55 | $23.50 |
| Purchase #5 | $126.87 | 5.565% | $133.9303 | $133.93 | $133.95 | $133.90 |
| Purchase #6 | $235.93 | 4.208% | $245.8579 | $245.86 | $245.85 | $245.90 |
| Purchase #7 | $176.49 | 10.275% | $194.6243 | $194.62 | $194.60 | $194.60 |
| Purchase #8 | $183.56 | 7.571% | $197.4573 | $197.46 | $197.45 | $197.50 |
| Purchase #9 | $122.92 | 9.679% | $134.8174 | $134.82 | $134.80 | $134.80 |
| Purchase #10 | $209.93 | 13.143% | $237.5211 | $237.52 | $237.50 | $237.50 |
| 10 purchase totals = | $1,336.12 | $1,443.7299 | $1,443.73 | $1,443.65 | $1,443.70 | |
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?