| 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 | $74.51 | 8.245% | $80.6533 | $80.65 | $80.65 | $80.70 |
| Purchase #2 | $38.72 | 13.788% | $44.0587 | $44.06 | $44.05 | $44.10 |
| Purchase #3 | $209.64 | 11.104% | $232.9184 | $232.92 | $232.90 | $232.90 |
| Purchase #4 | $196.30 | 10.316% | $216.5503 | $216.55 | $216.55 | $216.60 |
| Purchase #5 | $238.65 | 7.421% | $256.3602 | $256.36 | $256.35 | $256.40 |
| Purchase #6 | $28.51 | 7.623% | $30.6833 | $30.68 | $30.70 | $30.70 |
| Purchase #7 | $23.77 | 8.176% | $25.7134 | $25.71 | $25.70 | $25.70 |
| Purchase #8 | $66.76 | 9.781% | $73.2898 | $73.29 | $73.30 | $73.30 |
| Purchase #9 | $121.34 | 9.846% | $133.2871 | $133.29 | $133.30 | $133.30 |
| Purchase #10 | $97.83 | 7.383% | $105.0528 | $105.05 | $105.05 | $105.10 |
| 10 purchase totals = | $1,096.03 | $1,198.5673 | $1,198.56 | $1,198.55 | $1,198.80 | |
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?