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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
bydevslash0 ( 4203435 ) writes:
Make deceiving marketing prices ending in .99 illegal and the problem will go away.
byTha_Zanthrax ( 521419 ) writes:
The somewhat reasonable rule there would be "Round to 5cents."
Which retailers obviously will round up to, not down, increasing the price of every item by 2.49999 cents on average.
Just more government nonsense that ends up making stuff more expensive, in other words: a tax.
bypjt33 ( 739471 ) writes:
In Ireland I believe they're obliged to round to the nearest multiple of 5c. Since 5 is odd and prices are in integer multiples of 1c, this is never ambiguous and in principle should more-or-less average out in the long term for each participant in the economy.
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byvyvepe ( 809573 ) writes:
It works like this in more European countries: Ireland, Belgium, Netherlands, Finland, Slovakia, Italy.
This rounding to 5 cents is done only for cash payments.
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byCalydor ( 739835 ) writes:
Denmark as well.
byeth1 ( 94901 ) writes:
In Ireland I believe they're obliged to round to the nearest multiple of 5c. Since 5 is odd and prices are in integer multiples of 1c, this is never ambiguous and in principle should more-or-less average out in the long term for each participant in the economy.
You'd think it would average out for the consumer, but they're also required to include VAT (sales tax) in the marked prices, and they'll usually then round each item to 5c. You can bet they're always rounding in their favor. When you get to the register, everything already adds up to a multiple of 5c, so no further rounding is needed.
So now instead of averaging out, you're actually paying an average of 2-3c more per item.
byMajor_Disorder ( 5019363 ) writes:
So now instead of averaging out, you're actually paying an average of 2-3c more per item.
No. Just no. The amount of effort to do this is not worth the few bucks a day it might gain a VERY busy store. Plus if you get caught doing it, your screwed. How do I know? Because I live in Canada where we got rid of the penny years ago.
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