Investing

[oblong]

BTW tomorrow when I am behind a desk again and on a laptop I will start an AI thread here.  I will keep it in this forum for reasons similar to this thread… it might beer into that territory from time to time. 

[Screwball]

After quizzing my Aussie buddy about rounding the penny, I thought, wait a minute... First, I believed him. Do I really want to do that? Especially without thinking about it? Besides, I was in the great state of Michigan today to visit the pot Mecca known as Monroe. 

But, my Aussie buddy makes sense. I will look at this again tomorrow.

Quote

🧠 Strategic Pricing to Exploit Cash Rounding
If a business knows that cash totals will be rounded to the nearest nickel, they can tweak prices so that the final total consistently rounds in their favor. This is especially effective in high-volume, low-margin environments like convenience stores or fast food.
🔍 Example: Favorable Rounding
Let’s say a store wants the final cash total to round up to the nearest nickel (so they gain 1–2 cents per transaction). They might:
•     Price an item at $0.98 → total rounds up to $1.00
•     Price an item at $1.03 → total rounds up to $1.05
If they sell thousands of these items per day, that rounding adds up.
🧮 Combo Pricing
Retailers can also bundle items so the combined total lands just above a rounding threshold. For example:
•     Two items priced at $1.52 and $1.53 → total is $3.05, no rounding
•     But if they price them at $1.51 and $1.52 → total is $3.03 → rounds up to $3.05
That’s a 2-cent gain per cash transaction.

 

[Screwball]

We have now agreed I will give him a new name. Thinking... I'm kinda partial to Hal.

New sport, **** with AI.

[Screwball]

I'm glad my name ain't Dave. I wonder if he gets the connection.

I haven't told him yet. 🙂

[oblong]

Yet still the second best “Dave” moment in pop culture.