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Suggestion is that prices of purchases be rounded down at the til to the nearest $X to simplify getting change while ignoring amounts of money that are irrelevant.
under $10 - as per purchase price,
$10-$100 - round to the nearest dollar
$100-$1000 - round to the nearest $10
etc.
The absolute worst case for the retailer is a loss of 9.99% on any given sale and for most sales will be less than this.
Mr Joshua Fiddler
http://www.carryonl...m/carry/cocamp.html
Fiscal policy as adopted by a Peter Butterworth character in Carry on Camping [gnomethang, Oct 04 2004]
LA restaurant gives change only to nearest dollar
http://www.latimes....b27,1,3566696.story
[angel, Feb 28 2008]
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In that case, I'm selling gumballs. |
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It says round down and doesn't apply under $10, from your interpretation I think you would have to give them away, "Free Gumballs for all". |
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Curses, foiled again. I hope they get cavities. Then I'd like $999.99 worth of gold please. |
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It will cost you $990 dollars thanks (0.999% discount), you would have been smarter to ask for$1099.99 worth of gold as you would get it for $1000 (9.999% discount), but I'll take your money! |
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+ <Mr Fiddler> A Pound!</Mr Fiddler>(For Americans and other Aliens - see link) |
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But I need change for the bus! |
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I don't think the rounding should be different for $1.19 than for $39.57. It should always be to the nearest quarter (downwards, of course, to please the customer). That way, we get rid of the constant penny, nickel, and dime transactions that take up so much cashier time.
Minimum 10 gumballs per purchase. |
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It would bring a level of truth to advertised prices, a product is more likely to be marked as $11, rather than $10.99 as this would then sell for $10. |
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I think the phrase "business interests would fight it" says it all. |
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Apparently not, as my link demonstrates. |
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demonstrates Google sampling error. |
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Why wouldn't businesses round up then? |
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