I've worked a lot of retail in that time. At the end of the day the difference was never more than insignificant change, even on days with tens of thousands of dollars in sales. Even tracked over months it added to nothing, evening out in the end.
A store could try to game it by setting prices specifically, but that gets thrown out the window if someone buys more than one thing, not to mention sales tax changing the amount.
Watching people that all around up about pennies is hilarious 😂
Replies (3)
While some places have the take a penny leave a penny trays by the cash register.
Coin clipping is a real thing. They removed the Penny from circulation, but they kept it in their ledger.
It sounds like paranoia to me. I remember hearing the same when we stopped using the penny. A decade later there has never been any proof using actual data that it happens.
How would companies actually use this to their advantage, taking into account multiple products being purchased, and sales taxes modifying the end price? How is this coin clipping done?
