What's with the rounding down of money?
#1
What's with the rounding down of money?
I was in Woolies Today and they let me off 2 cents.
It came to $2.22. I gave her $2.25 and she gave the 5C back to me. I checked the slip when I got home and it said -$0.02 cents for rounding.
Is this normal?
I see there are no 1 cent coins, so do they round up at all?
Would never happen in the UK!
It came to $2.22. I gave her $2.25 and she gave the 5C back to me. I checked the slip when I got home and it said -$0.02 cents for rounding.
Is this normal?
I see there are no 1 cent coins, so do they round up at all?
Would never happen in the UK!
Last edited by Alfresco; Sep 15th 2010 at 5:57 am.
#2
Re: What's with the rounding down of money?
They do it the other way too. In fact, they always seem to be rounding up on me. (not literally, that would be unfair).
I've yet to see a 1cent coin.
I've yet to see a 1cent coin.
#3
BE Forum Addict
Joined: Jul 2010
Location: Melbourne
Posts: 2,442
Re: What's with the rounding down of money?
That's because there a no 1 or 2 cent coins anymore. They will round down or round up depending what the cost is. For example 21 & 22 cents will be rounded down to 20 cents whereas 23 and 24 will be rounded up to 25 cents.
#5
Joined: Oct 2007
Posts: 9,668
Re: What's with the rounding down of money?
Yes so when you buy your petrol, then make sure you get your money's worth! I get $20.92 and get two cents free every time.
I'm frugal like that.
I'm frugal like that.
#6
Re: What's with the rounding down of money?
I was in Woolies Today and they let me off 2 cents.
It came to $2.22. I gave her $2.25 and she gave the 5C back to me. I checked the slip when I got home and it said -$0.02 cents for rounding.
Is this normal?
I see there are no 1 cent coins, so do they round up at all?
Would never happen in the UK!
It came to $2.22. I gave her $2.25 and she gave the 5C back to me. I checked the slip when I got home and it said -$0.02 cents for rounding.
Is this normal?
I see there are no 1 cent coins, so do they round up at all?
Would never happen in the UK!
#7
Re: What's with the rounding down of money?
Thanks guys.
Yep just figured it out. Wifey says they do it in Dubai too!
At least we know what to expect when we pay more i.e. round up.
Swings and roundabouts.
Yep just figured it out. Wifey says they do it in Dubai too!
At least we know what to expect when we pay more i.e. round up.
Swings and roundabouts.
#8
Re: What's with the rounding down of money?
Saves on carrying huge amounts of copper around. Although Oz coins are huge enough already.
#11
Banned
Joined: Sep 2010
Posts: 1
Re: What's with the rounding down of money?
I was in Woolies Today and they let me off 2 cents.
It came to $2.22. I gave her $2.25 and she gave the 5C back to me. I checked the slip when I got home and it said -$0.02 cents for rounding.
Is this normal?
I see there are no 1 cent coins, so do they round up at all?
Would never happen in the UK!
It came to $2.22. I gave her $2.25 and she gave the 5C back to me. I checked the slip when I got home and it said -$0.02 cents for rounding.
Is this normal?
I see there are no 1 cent coins, so do they round up at all?
Would never happen in the UK!
#14
Re: What's with the rounding down of money?
BP seem to be the most expensive.
#15
Joined: Oct 2007
Posts: 9,668
Re: What's with the rounding down of money?
I take out my budget money every week. I never have to use EFTPOS. I keep to the budget.
Using EFTPOS is easier and you don't know how much you're spending.