| 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 | $63.89 | 9.416% | $69.9059 | $69.91 | $69.90 | $69.90 |
| Purchase #2 | $107.49 | 11.588% | $119.9459 | $119.95 | $119.95 | $119.90 |
| Purchase #3 | $66.72 | 8.615% | $72.4679 | $72.47 | $72.45 | $72.50 |
| Purchase #4 | $206.77 | 3.424% | $213.8498 | $213.85 | $213.85 | $213.80 |
| Purchase #5 | $110.42 | 11.674% | $123.3104 | $123.31 | $123.30 | $123.30 |
| Purchase #6 | $162.70 | 6.803% | $173.7685 | $173.77 | $173.75 | $173.80 |
| Purchase #7 | $132.53 | 6.388% | $140.996 | $141.00 | $141.00 | $141.00 |
| Purchase #8 | $211.89 | 11.519% | $236.2976 | $236.30 | $236.30 | $236.30 |
| Purchase #9 | $223.87 | 5.555% | $236.306 | $236.31 | $236.30 | $236.30 |
| Purchase #10 | $98.86 | 12.266% | $110.9862 | $110.99 | $111.00 | $111.00 |
| 10 purchase totals = | $1,385.14 | $1,497.8342 | $1,497.86 | $1,497.80 | $1,497.80 | |
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?