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What Would Occur If The United States Only Minted Cents Every 3 Years?
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<p>[QUOTE="Conder101, post: 1557826, member: 66"]Only if they don't use cash registers. Most modern digital registers already have the software in them to round to the nearest five cents. (up and down) Now if you don't use those settings then on every transaction you get to stare the customer in the eye and ask for a higher price than is shown on the register which they can see. And then explain why you are asking for more money than the register says. Great way to get return customers.</p><p><br /></p><p>OK, so you will adjust your prices so it will always round up. Good luck with that. Since the rounding happens after the sales taxes are applied I don't know how you are going to set your prices so that no matter how many or what mix of products your customer buys, after the taxes are applied it will always round up. Now if you totaled everything up so you could figure out how much you would have to add so that with taxes the rounding would always be up. How do you explain that extra item on the register tape? Extra so total will round up?</p><p><br /></p><p>So maybe you just raise your prices so that even if it were to always round down you would still make the same amount. Fine I'll keep my prices where they are, undercut my competitors, and take away their business. Sorry but "always rounding up" is not going to happen. And if you just use the built in rounding the ups will average out with the downs and it will average out to no change. So no inflation bump.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1557826, member: 66"]Only if they don't use cash registers. Most modern digital registers already have the software in them to round to the nearest five cents. (up and down) Now if you don't use those settings then on every transaction you get to stare the customer in the eye and ask for a higher price than is shown on the register which they can see. And then explain why you are asking for more money than the register says. Great way to get return customers. OK, so you will adjust your prices so it will always round up. Good luck with that. Since the rounding happens after the sales taxes are applied I don't know how you are going to set your prices so that no matter how many or what mix of products your customer buys, after the taxes are applied it will always round up. Now if you totaled everything up so you could figure out how much you would have to add so that with taxes the rounding would always be up. How do you explain that extra item on the register tape? Extra so total will round up? So maybe you just raise your prices so that even if it were to always round down you would still make the same amount. Fine I'll keep my prices where they are, undercut my competitors, and take away their business. Sorry but "always rounding up" is not going to happen. And if you just use the built in rounding the ups will average out with the downs and it will average out to no change. So no inflation bump.[/QUOTE]
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