The 2c thing
Nov 2nd 2003, 11:41 pm
#16
Guest
Posts: n/a
Re: The joy of Roundings
Originally posted by Pookin
Never thought of it that way.
So if its $30.01 or .02 - we get charged $30.00 and if its $30.03 or .04 then we get charged $30.05.
Wonder how much the stores make on this.
2c x 100,000 people x 365 days = $730,000.
Never thought of it that way.
So if its $30.01 or .02 - we get charged $30.00 and if its $30.03 or .04 then we get charged $30.05.
Wonder how much the stores make on this.
2c x 100,000 people x 365 days = $730,000.
i thought they had to round it down rather than up, mm said it is illegal to round up?
Nov 2nd 2003, 11:41 pm
#17
(Jon) returning to NZ 04
Joined: Jul 2003
Posts: 816
But they don't round on electronic EFTPOS/Switch transactions do they?
You people shouldn't be using cash anymore anyway.... cash is yesterday's technology don't you know?
You people shouldn't be using cash anymore anyway.... cash is yesterday's technology don't you know?
Nov 2nd 2003, 11:55 pm
#18
Rocket Scientist
Joined: Aug 2003
Location: Dreamland AKA Brisbane which is a different country to the UK
Posts: 6,911
Re: The joy of Roundings
Originally posted by welshboybilly
i thought they had to round it down rather than up, mm said it is illegal to round up?
i thought they had to round it down rather than up, mm said it is illegal to round up?
I dont think MM has paid cash for anything in any of the stores for a long time
Nov 2nd 2003, 11:58 pm
#19
A Male Member
Joined: Apr 2003
Location: Townsville
Posts: 2,106
Originally posted by jandjuk
But they don't round on electronic EFTPOS/Switch transactions do they?
You people shouldn't be using cash anymore anyway.... cash is yesterday's technology don't you know?
But they don't round on electronic EFTPOS/Switch transactions do they?
You people shouldn't be using cash anymore anyway.... cash is yesterday's technology don't you know?
And the reason we used to use cash was we were only allowed 5 transactions a month before the bank charged us.
Luckily....this time we have a better account.
Nov 3rd 2003, 12:11 am
#20
Bubble blowing member
Joined: May 2003
Location: Townsville, QLD
Posts: 312
Originally posted by PeteY
And then one day you take it to the bank and its worth mroe than you thought!! I took my collection of 5, 10 and 20ps from about 3 years of emptying change out of my pocket into one of those huge whisky bottles (which i got free from a pub i might add i did'nt drink it all!), to the bank in preparation for my move. Would you believe there was 52 pound in there!!!
And then one day you take it to the bank and its worth mroe than you thought!! I took my collection of 5, 10 and 20ps from about 3 years of emptying change out of my pocket into one of those huge whisky bottles (which i got free from a pub i might add
i did'nt drink it all!), to the bank in preparation for my move. Would you believe there was 52 pound in there!!!
Nov 3rd 2003, 12:19 am
#21
Rocket Scientist
Joined: Aug 2003
Location: Dreamland AKA Brisbane which is a different country to the UK
Posts: 6,911
Re: The joy of Roundings
Originally posted by MrsDagboy
Not true, if its an 8 or a 9 its rounded up, if its a 6 or a 7 its rounded down.
I dont think MM has paid cash for anything in any of the stores for a long time
Not true, if its an 8 or a 9 its rounded up, if its a 6 or a 7 its rounded down.
I dont think MM has paid cash for anything in any of the stores for a long time
But not if you pay cash.
Nov 3rd 2003, 3:25 am
#22
Guest
Posts: n/a
i guess you never heard of the penny (cent) chew there then?
an institution here when you are a kid.
an institution here when you are a kid.
Nov 3rd 2003, 3:33 am
#23
Guest
Posts: n/a
Re: The joy of Roundings
Originally posted by Pookin
Never thought of it that way.
So if its $30.01 or .02 - we get charged $30.00 and if its $30.03 or .04 then we get charged $30.05.
Wonder how much the stores make on this.
2c x 100,000 people x 365 days = $730,000.
Never thought of it that way.
So if its $30.01 or .02 - we get charged $30.00 and if its $30.03 or .04 then we get charged $30.05.
Wonder how much the stores make on this.
2c x 100,000 people x 365 days = $730,000.
I guess it all balances out in the end.
Nov 3rd 2003, 3:34 am
#24
Guest
Posts: n/a
Re: The joy of Roundings
WBB,
I remember the half-penny chew.
Badge
I remember the half-penny chew.
Badge
Nov 3rd 2003, 3:35 am
#25
Guest
Posts: n/a
Re: The joy of Roundings
Originally posted by Pookin
Never thought of it that way.
So if its $30.01 or .02 - we get charged $30.00 and if its $30.03 or .04 then we get charged $30.05.
Wonder how much the stores make on this.
2c x 100,000 people x 365 days = $730,000.
Never thought of it that way.
So if its $30.01 or .02 - we get charged $30.00 and if its $30.03 or .04 then we get charged $30.05.
Wonder how much the stores make on this.
2c x 100,000 people x 365 days = $730,000.
cant really think of too many shops that serve 100,000 people a day either, mind you the queue in our local asda'a would have you believe otherwise.
Nov 3rd 2003, 3:37 am
#26
Guest
Posts: n/a
Re: The joy of Roundings
Originally posted by badgersmount
WBB,
I remember the half-penny chew.
Badge
WBB,
I remember the half-penny chew.
Badge
lol, me too.
used to be given 5p to buy sweets at the shop and you could take 10 minutes choosing your penny/half penny chews.
Nov 3rd 2003, 5:56 am
#27
Banned
Joined: Apr 2003
Location: Angle vale Sth Australia
Posts: 5,353
Re: The joy of Roundings
Originally posted by MrsDagboy
Just worked out what MM was saying ... yes, its illegal to round it up if you pay by card.
But not if you pay cash.
Just worked out what MM was saying ... yes, its illegal to round it up if you pay by card.
But not if you pay cash.
MM
Nov 3rd 2003, 5:57 am
#28
Guest
Posts: n/a
Re: The joy of Roundings
Originally posted by mr mover
Sorry did,nt realise i was so vague, when your fuel bill in a year[diesel]comes to $28,000 you ,soon make sure you check every penny....... MM
Sorry did,nt realise i was so vague, when your fuel bill in a year[diesel]comes to $28,000 you ,soon make sure you check every penny.......
MM
or cent
Nov 3rd 2003, 8:56 am
#29
Rocket Scientist
Joined: Aug 2003
Location: Dreamland AKA Brisbane which is a different country to the UK
Posts: 6,911
Re: The joy of Roundings
Originally posted by mr mover
Sorry did,nt realise i was so vague, when your fuel bill in a year[diesel]comes to $28,000 you ,soon make sure you check every penny....... MM
Sorry did,nt realise i was so vague, when your fuel bill in a year[diesel]comes to $28,000 you ,soon make sure you check every penny.......
MM
.Understand about the fuel bill too
WBB LOL
Nov 3rd 2003, 12:38 pm
#30
Karma Comedian
Joined: Feb 2003
Location: Brisvegas
Posts: 3,506
Re: The 2c thing
Originally posted by badgersmount
I read somewhere where people buy certain items seperately to get a big 'save'.
Do the shops end up statistically profitting from this, or is it win some, lose some amd therefore breaking even.
Badge
I read somewhere where people buy certain items seperately to get a big 'save'.
Do the shops end up statistically profitting from this, or is it win some, lose some amd therefore breaking even.
Badge
You don't get rounding on individual items within a list but on the total at the end. So if you bought 99 things priced at $1.02, your bill is $100.98 and rounded to $101, rather than 99*$1 or $99. Presumably you could put the 99 items through individually and make the saving however (if you had a lot of time on your hands)
