The deal famous for its worth: “$0.99.” It’s a price that pulls you towards the item, but how often does someone pull out the actual $0.99 from their pockets? Not very often, and when that moment does occur, it’s not fun for anyone to watch the person fish out for those three quarters, two dimes, and four pennies. For those who pay with a dollar bill, they don’t get too excited to get a penny back. The penny has been around for many, many years. Kids collect them in jars, they float around in the couch, and on good days, someone finds a lucky penny on the ground. Have you ever stopped and thought: “Is a cent really worth that much?” No one really does. Pennies are a waste of space and worth. There’s no such item worth a penny at the store and people round up to the nearest dollar when they pay with cash anyways. The penny should be eliminated for these reasons.
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Then there’s people who round to the nearest dollar. There’s no harm there, but then the change comes back. Let’s say the change is worth $16.74. The cashier hands the change to the customer but all the coins fall on the floor. Now you have to wait for that person to pick up those two quarters, two dimes and four pennies. Now think of how much faster the picking up process would’ve been if the amount was rounded to $16.75. That’s only three quarters and not even three seconds worth to pick up. The time proficiency is a lot better compared to the amount before. As stated in “Penny Pinchers” by Ric Kahn (passage 2), “The National Association of Convenience Stores and Walgreens drug store chain estimated that handling pennies adds 2 to 2.5 seconds to each cash transaction.” If people rounded to the nearest cent, businesses could make more money and lines can go faster. It all adds up in the
Then there’s people who round to the nearest dollar. There’s no harm there, but then the change comes back. Let’s say the change is worth $16.74. The cashier hands the change to the customer but all the coins fall on the floor. Now you have to wait for that person to pick up those two quarters, two dimes and four pennies. Now think of how much faster the picking up process would’ve been if the amount was rounded to $16.75. That’s only three quarters and not even three seconds worth to pick up. The time proficiency is a lot better compared to the amount before. As stated in “Penny Pinchers” by Ric Kahn (passage 2), “The National Association of Convenience Stores and Walgreens drug store chain estimated that handling pennies adds 2 to 2.5 seconds to each cash transaction.” If people rounded to the nearest cent, businesses could make more money and lines can go faster. It all adds up in the