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Dr. Eddies Wingman said:
That wouldn't be allowed, would it? I mean, if the cost for individual items is still given in cents, the total bill after shopping groceries would be equally likely to end on 57 cents as 58. And in the former case, I assume the customer will pay 55 and not 60. The shop will not have the right to round 57 up to 60, will they?
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That's right. But my buddy figures that corporations will set prices in a way that ensures they are able to round up whenever possible.
 
On a side note - my right forearm will probably soon have a colour which a famous rock ensemble from the UK took their name from.

The reason? I fell on the ice right outside the building when returning from said cross-country skiing, and the arm took the worst hit.
 
______no5 said:
In Europe it did happen, ask anybody who's in Eurozone & not German.
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Why not in Germany? I happened to be in Germany in 2001 and 2002, when the euro was introduced. It took very short time for prices to rise noticeably because of the rounding-up.
 
Ah really?? Well, go figure. No, I told that because Euro was tailored to fit the Mark currency, plus Germans are very typical so I presumed they didn't abuse..
 
mckindog said:
That's right. But my buddy figures that corporations will set prices in a way that ensures they are able to round up whenever possible.
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How? I mean, even if every item has a price ending in 94, the end sum can end in 0, 2, 4, 6 or 8. I think the most likely outcome is that all items that are not priced by weight or volume will have a price that ends with 0 or 5. For the items that are priced by weight/volume, rounding up or down will even itself out in the long run, for both customers and shops/corporations.

If I may add something from my own experience: The Norwegian currency, the "krone", is divided into 100 "øre". I grew up with 10 øre being the smallest coin in use. It was phased out in 1993. Since then, most grocery items have a price that ends in 90 øre. For example, one litre of milk frequently costs 14,90.
 
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