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<p>[QUOTE=&quot;LA_Geezer, post: 2832336, member: 89393&quot;]I know there&#039;s been a push to discontinue the One Cent coin, but I&#039;ve often wondered what the computer programming would be like used to set up the algorithms that would round your total at the cash register up or down; I&#039;m pretty sure it would not benefit the consumer. </p><p><br /></p><p>I managed a retail store when I was in college 45 years ago, and one of my tasks was to send a weekly financial report to the district office. I remember that I used a formula that reduced the amount of sales tax collected which was then used, obviously, in reporting taxes collected to the state. This figure was, typically, large enough to make it a profitable practice; who knows just how much unreported income resulted? It could have been thousands per month for each district. </p><p><br /></p><p>Obviously these algorithms, once the penny is gone, are going to be rounding down to benefit the business, not the consumer, in much the same way. Eventually the wiser money types in business might go about structuring their prices to make for a natural round up to the next nickel. That&#039;ll keep the penny-pinchers like me at bay.[/QUOTE]</p><p><br /></p>

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