When they first dropped our 1c and 2c coins, the rule was to round to the nearest 5c. So $1.02 was rounded down to $1 and $1.03 was rounded up to $1.05. I was working with POS software at the time and I remember optioning this to avoid arguments with customers who didn’t understand, or didn’t want to understand, the legislation. Fun times.
I might be wrong (often am) but I think the US is fairly unique in having a different sticker price to the price you pay at the till. It still surprises me that I can pick up an item off the shelf which is marked at one price and then, when I go to pay for it, I am charged a different price after tax has been added. In most other places on the planet (or, at least, those that I’ve been to), the marked price has to be the actual price.
Jason… every CITY (at least in California, has its own Sales Tax, as does the State)…
When people around here buy a car, they sometimes will drive hundreds of miles to find a low sales tax county, since that could add up to a bit of $$$
So yeah… it the sticker says $1.00… I actually pay 1.09
Yes we used to have sales tax too, but then lots of different taxes were replaced by a single consumption tax 17 years ago (like the European VAT but called GST here). But even if you do still have sales tax, I don’t understand why the sticker price on the shelf can’t show the actual price. After all, the merchant knows which city and state their store is in.