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Deleted member 13876
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ZIMBABWE
They don't make a 1c profit from doing nothing.Now watch everything in every store start costing something that ends in a .*3,.*4, .*8, .*9 so that they can round up and make some extra few pennies on everything. Doesnt really matter to debit/credit as you are playing exact pricing.
Currently mostly everything already ends in .99, so they immediately make 1 C profit from doing nothing.
ZIMBABWE
I don't understand this train of thoughts.
People will still buy multiple items at stores like they always did and the final amount with taxes will still be a 'random' number that will be rounded-up 50% of the time, and rounded-down 50% of the time.
The only way stores can take advantage of this is if their business model makes it so that people only purchase one item/thing at a time. Even then, it can't be something that's the same price nationally as the taxation amount is different in most provinces.
Smoke's Poutinerie is cash-only :\
ZIMBABWE
I skimmed the entire thread for this hoping to be the cool first guy to do it and when I do it's not even an image. COME ON
I skimmed the entire thread for this hoping to be the cool first guy to do it and when I do it's not even an image. COME ON
If I set it such that with the 13% HST (or whatever HST regime I'm operating in) every single item will end up at a $0.05 increment (and all higher than before), why would how many things I buy change it?
I think the incremental revenue for the store is worth the hassle of repricing. I also don't see why people think the store would have a seperate plastic/cash system. I'd just make sure everything ends in a 5 or 0 with HST applied meaning there would be no difference.
Unless the police is going to penalize this, which I don't know how they would, it will obviously increase prices. Though not by a lot for each person.
As in why would a company keep something $4.99 if after the 13% HST it's $5.64 for plastic and $5.60 for cash? Just raise the price to $5.00, apply the tax and everyone always pays $5.65. Store pockets the incremental $0.01
Consider some good that has a price with some terminal digit x. x is either 1 2 3 4 6 7 8 9. When x is 3, buying 2 makes it 6, causing a roudown. when x is 4, buying 3 makes it 2, causing a rounddown. you can complete the analysis for all other numbers, but this is why the amount bought matters, because the terminal digit is finite.
Kind of a late reply, but I had to let everyone know that reading this made me really angry.Nice. I hate pennies, I always toss 'em in the trash. Especially Canadian pennies, I live in Northwestern Michigan so they somehow find their way into my pocket. US needs to do the same.
Hate to burst your bubble, but there is nothing cool about quoting BBT (or their related comics) at all.
On another note.. i dont know why they just dont make the sticker price of everything to include tax already.
This is just absurd - my parents came back from a trip to North America and related this experience to me about some areas. Just display/quote the amount that has to be handed over.
still more enjoyable than you trying to be a killjoy
Oh my god, they killed pennies.
The government has no idea what sandwiches cost. This is what is wrong with the economy.
Why?
I dont care about the few pennies difference. Im just saying that it wont be hard for businesses to make sure items will end in .5 or 0 after taxes. Its 13% here for everything anyway. Its not like they have to do some funky math to make it happen. My coffee i buy everyday costs 1.67. It should cost 1.65 when this goes live. Lets take bets on what its going to cost after, $1.65 or $1.70.
On another note.. i dont know why they just dont make the sticker price of everything to include tax already.
On another note.. i dont know why they just dont make the sticker price of everything to include tax already.
As someone working as a cashier for the moment, this annoys the fuck out of me when people ask how much shit is, then I read it to them with tax and they freak the fuck out like I murdered their dog and ran it over for an hour.On another note.. i dont know why they just dont make the sticker price of everything to include tax already.
On another note.. i dont know why they just dont make the sticker price of everything to include tax already.
because you have provinces like Quebec that applies their TVQ (provincial sales tax) ontop of the GST.
So Quebec taxes taxes, lol
As someone working as a cashier for the moment, this annoys the fuck out of me when people ask how much shit is, then I read it to them with tax and they freak the fuck out like I murdered their dog and ran it over for an hour.
I wish Canada did this. It would be lovely.
Slightly late to this response, but it was sarcasm.
Bumping this thread because today is the day.
Go Canada. True patriots.
Thank God for C.G.P. Grey. His videos are phenomenal.What do we do with old pennies? Deposit it to the bank?
You can still use pennies as legal tender. They'll just disappear when they are brought back to the bank, so of like when 1 and 2 dollar bills were phased out (and new currency is rolled out).What do we do with old pennies? Deposit it to the bank?
What do we do with old pennies? Deposit it to the bank?
What do we do with old pennies? Deposit it to the bank?
You can:
- Donate them to charity <-- this is what the government recommends
- Bring them to the bank
- Spend them at retailers that still voluntarily accept them
- Throw them at people