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<p>[QUOTE=&quot;-jeffB, post: 2281106, member: 27832&quot;]Well, um, actually, $1.01 plus $0.07 is $1.08, so he&#039;s right that it would get rounded up to $1.10.</p><p><br /></p><p>It&#039;s pointless, though. Yes, you can contrive pairs of numbers that will produce rounding errors in favor of one party or another. Over time and over all transactions, though, things will even out, and no party will come out ahead by any significant amount.</p><p><br /></p><p>The misleading argument stems from statements like &quot;<b>doing away with one cent and make taxes five cents</b>&quot;, as though abolishing the cent would force governments to round <i>tax rates</i> to the nearest nickel. It would do no such thing. For proof, look at all the existing tax rates that specify fractional percentages, even though there is no fractional-cent coin.[/QUOTE]</p><p><br /></p>

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