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Florida Restaurant Implements No-Coin Policy
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<p>[QUOTE="Hobo, post: 1074810, member: 11521"]The no-change policy has a greater effect on small bills. </p><p> </p><p>I checked their <a href="http://www.yourgrape.com/menus/Coconut%20April%20menu%20LOW.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.yourgrape.com/menus/Coconut%20April%20menu%20LOW.pdf" rel="nofollow">menu</a> and the cheapest item I saw was $3. Assuming 6% tax (as someone stated above), if all you ordered was that $3 item your tab would be $3.18 but you would have to pay $4 (with the no-change policy). The $0.82 in change that you must forfeit (to the restaurant) represents 25.79% of your bill. </p><p> </p><p>However, if you ordered their $180 bottle of wine your total bill would be $190.60 which would be rounded up to $191. The $0.40 upcharge represents only 0.21% of your bill. (In other words, the lower your bill the greater the penalty, potentially. In this example the cheapest item on the menu brings with it a penalty more than 100 times greater than the penalty that comes with the highest-priced item on the menu.)[/QUOTE]</p><p><br /></p>
[QUOTE="Hobo, post: 1074810, member: 11521"]The no-change policy has a greater effect on small bills. I checked their [url=http://www.yourgrape.com/menus/Coconut%20April%20menu%20LOW.pdf]menu[/url] and the cheapest item I saw was $3. Assuming 6% tax (as someone stated above), if all you ordered was that $3 item your tab would be $3.18 but you would have to pay $4 (with the no-change policy). The $0.82 in change that you must forfeit (to the restaurant) represents 25.79% of your bill. However, if you ordered their $180 bottle of wine your total bill would be $190.60 which would be rounded up to $191. The $0.40 upcharge represents only 0.21% of your bill. (In other words, the lower your bill the greater the penalty, potentially. In this example the cheapest item on the menu brings with it a penalty more than 100 times greater than the penalty that comes with the highest-priced item on the menu.)[/QUOTE]
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