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Up and down

April 14th, 2009 at 11:02 pm

About 15 years ago, New Zealand deicided to get rid of the 1 cent coin, as you couldn't buy anything with it. From then on, everything was rounded to the nearest 5 cents. However, in their attempts to make us think we were getting a bargain, the shops continued to price in nines. So you'd see a can of beans at .99 and think, less than a dollar, but when you got to the checkout, it cost you a dollar anyway. But if you bought 3 cans, $2.97 rounded down to $2.95. Two cents saved!

Now we have got rid of the 5 cent as well and everything is rounded to the nearest 10 cents. Meanwhile the shops continue to sell mushrooms at nz9.99 a kilogram, so your purchase may come to nz4.76, which rounds up. Add the other things you're buying ending in 9 cents, and it may go up or down. Personally, I make it a game to get a total which will round down.

This morning I lucked out. I bought fruit and veg for nz9.78, so paid two cents extra. However, if I'd paid by debit card, they would have charged me the exact amount. Go figure.

2 Responses to “Up and down”

  1. whitestripe Says:

    wow, they're getting rid of the 5c? i wonder if australia is following suit..hmmm... but yeah it's funny how when you pay with a card you pay the exact amount - i usually do anyway.

  2. dmontngrey Says:

    That is a very bizarre way of doing things! You really have to be on the ball to know what you'll be paying.

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