Quote:
Originally Posted by Plett25
The stupidity regarding rounding is staggering...
Shortly after the retirement of the penny was announced, a couple of radio announcers in Edmonton did the math on rounding like this: Gas is 90.9 that rounds to 95 cents per litre, every fill is 100L, that's $4 per fill, twice a week means $400 per year due to the penny being eliminated.
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To be fair, they are from Edmonton, so...
Lets put it into perspective to illustrate just how stupid their argument is. For the sake of this argument, lets just say a business always rounds up to the next nickel. In theory, the max you can lose is 4 cents per transaction. To lose $400 per year on gas would mean someone has to fill their tank 10,000 times a year. There are 365 days a year. The person would have to fill on average more than 27 times a day.