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Why do we still mint cents?
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<p>[QUOTE="AZSteve, post: 7500611, member: 114396"]I think a lot of people, especially the penny-pinchers, think that if pennies are gone the sellers will raise prices, even if only to the next even nickel, on every item in the store. That, and we've always had pennies, and the general public probably doesn't know that the government is loosing money on every penny and nickel produced.</p><p><br /></p><p>I'd say, leave pricing as-is. And if you're paying with cash, the final price (including tax) should be rounded to the nearest nickel, so if the last digit in the total is 8,9,0,1,2 it's rounded to 0, and if the last digit is 3,4,5,6,7 it's rounded to 5.[/QUOTE]</p><p><br /></p>
[QUOTE="AZSteve, post: 7500611, member: 114396"]I think a lot of people, especially the penny-pinchers, think that if pennies are gone the sellers will raise prices, even if only to the next even nickel, on every item in the store. That, and we've always had pennies, and the general public probably doesn't know that the government is loosing money on every penny and nickel produced. I'd say, leave pricing as-is. And if you're paying with cash, the final price (including tax) should be rounded to the nearest nickel, so if the last digit in the total is 8,9,0,1,2 it's rounded to 0, and if the last digit is 3,4,5,6,7 it's rounded to 5.[/QUOTE]
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