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I find the similarities curious. A penny for your thoughts.
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<p>[QUOTE="-jeffB, post: 3544252, member: 27832"]Ugh. As long as these old fallacies keep coming up, we'll <i>never</i> get rid of the cent.</p><p><br /></p><p>When I buy gas, it's priced per gallon, with a fractional-cent component (for example, $2.749/gal). Does this mean the dealer is making an "extra" tenth of a cent on each gallon, rounding it up to $2.75? Of course not! The pump multiplies the price per gallon (2.749) by the number of gallons I buy (also not a round number), then rounds the <i>total</i> to the nearest cent, <i>up or down</i> as appropriate.</p><p><br /></p><p>If I buy a dozen lemons at 3/$1.00, the store doesn't round up each one to 34 cents, charging me $4.08. They charge me $4.00.</p><p><br /></p><p>If I buy $99.98 worth of groceries, and pay with a $100 bill, I get two cents back. If we dropped the cent, I'd get no change back -- <b>and I'm perfectly okay with that</b>. Because the next time my bill came to $100.02, I'd give them another $100 bill, and take the rounding in my favor.</p><p><br /></p><p>If you're really, really obsessive, and you want to buy things priced at 99 cents, buy <i>three</i> of them at a time, so your $2.97 total gets rounded <i>down</i> to $2.95. Stick it to The Man!</p><p><br /></p><p>At this point, one cent represents a few <i>seconds</i> of labor for most people in the US. The time you waste counting them out is worth more than the money you're counting. <b>Retire them already</b>.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3544252, member: 27832"]Ugh. As long as these old fallacies keep coming up, we'll [I]never[/I] get rid of the cent. When I buy gas, it's priced per gallon, with a fractional-cent component (for example, $2.749/gal). Does this mean the dealer is making an "extra" tenth of a cent on each gallon, rounding it up to $2.75? Of course not! The pump multiplies the price per gallon (2.749) by the number of gallons I buy (also not a round number), then rounds the [I]total[/I] to the nearest cent, [I]up or down[/I] as appropriate. If I buy a dozen lemons at 3/$1.00, the store doesn't round up each one to 34 cents, charging me $4.08. They charge me $4.00. If I buy $99.98 worth of groceries, and pay with a $100 bill, I get two cents back. If we dropped the cent, I'd get no change back -- [B]and I'm perfectly okay with that[/B]. Because the next time my bill came to $100.02, I'd give them another $100 bill, and take the rounding in my favor. If you're really, really obsessive, and you want to buy things priced at 99 cents, buy [I]three[/I] of them at a time, so your $2.97 total gets rounded [I]down[/I] to $2.95. Stick it to The Man! At this point, one cent represents a few [I]seconds[/I] of labor for most people in the US. The time you waste counting them out is worth more than the money you're counting. [B]Retire them already[/B].[/QUOTE]
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