| 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 | $112.58 | 6.232% | $119.596 | $119.60 | $119.60 | $119.60 |
| Purchase #2 | $169.84 | 3.623% | $175.9933 | $175.99 | $176.00 | $176.00 |
| Purchase #3 | $20.98 | 3.362% | $21.6853 | $21.69 | $21.70 | $21.70 |
| Purchase #4 | $245.66 | 5.807% | $259.9255 | $259.93 | $259.95 | $259.90 |
| Purchase #5 | $54.71 | 4.280% | $57.0516 | $57.05 | $57.05 | $57.10 |
| Purchase #6 | $179.47 | 12.778% | $202.4027 | $202.40 | $202.40 | $202.40 |
| Purchase #7 | $223.52 | 6.440% | $237.9147 | $237.91 | $237.90 | $237.90 |
| Purchase #8 | $121.72 | 12.142% | $136.4992 | $136.50 | $136.50 | $136.50 |
| Purchase #9 | $152.82 | 6.246% | $162.3651 | $162.37 | $162.35 | $162.40 |
| Purchase #10 | $100.50 | 7.237% | $107.7732 | $107.77 | $107.75 | $107.80 |
| 10 purchase totals = | $1,381.80 | $1,481.2066 | $1,481.21 | $1,481.20 | $1,481.30 | |
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?