freepot1

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When the penny is gone what happens to the .9 cents charged on a liter of gasoline ?

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0 Views: 439 Answers: 3 Posted: 12 years ago

3 Answers

Ducky

Karma: 1032550

The price of gasoline will stay at .9 as it has nothing to do with the elimination of the penny. Your "final total only", is where the rounding up or down takes place. If your TOTAL bill comes to, for example, $22.03, it will be rounded up to $22.05. If your TOTAL bill comes to, for example, $22.07, it will be rounded down to $22.05. The whole process happens with the cashier, and only with a "cash money" transaction. It eliminates the need for a penny exchange on either side as it no longer (technically) exists. A credit card transaction, changes NOTHING, as it does not involve an exchange of the penny.

12 years ago. Rating: 2
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Ducky

Many people mistakenly believe, that the individual price of every item, will be rounded up or down. This is incorrect unless the manufacturer decides to "take advantage" of the fact that this is being rumored.

commented 12 years ago

ROMOS

Never bought gas in the UK then?
Rounded UP, always.

commented 12 years ago

Ducky

But...our government says so! :)

commented 12 years ago

ROMOS

Our gov does so....

commented 12 years ago

Colleen