Elon's Coming
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When Canada cut the penny, the rounding system cost Canadian consumers around $3.5 Million Dollars per year on groceries.
And that rounding up or down will also have an effect on philanthropy as well as some of the 529 savings plans.
It costs the same money to print a $10,000 bill as it does to print a $1 bill. So why don’t we stop printing the $1 and just print more $10,000 bills?
When Canada cut the penny, the rounding system cost Canadian consumers around $3.5 Million Dollars per year on groceries
I don’t recall anyone raising that issue let alone complaining about it after the fact. People were just glad to be rid of the damn coppers.
Marketer prefer $3.99 to $4.
In the hi-fi store everything was priced to the dollar. The owner’s argument was that given the nature of the equipment and if the client is serious, a penny is not going to affect their decision to purchase. His motto was “Hear it. Love it. Buy it.” Despite being a frugal Scot, he was not adverse to haggling either. In fact, he encouraged it when multiple component systems were under consideration.
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