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The last-ever penny will be minted today in Philadelphia

(www.cnn.com)
349 points andrewl | 2 comments | 12 Nov 25 16:10 UTC | HN request time: 0s | source
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MrHeather ◴[12 Nov 25 16:24 UTC] No.45902076[source]▶
>But with 20 million customers a year, and 17% of them paying with cash, the policy will eventually cost Kwik Trip a couple of million dollars a year, McHugh said.

If we figure two-fifths of cash transactions need to be rounded up and the store is losing an average of 1.5 cents each time, their expected losses would be around $2,000, yeah?

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1. smelendez ◴[12 Nov 25 16:45 UTC] No.45902347[source]▶
They must mean unique customers, not customer transactions.

They have about 878 stores, according to Wikipedia, so if it was transactions, each store would only see about 62 transactions per day, which is way too low.

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2. terminalshort ◴[12 Nov 25 16:47 UTC] No.45902382[source]▶
Sure. But multiply by whatever number you want and it is still the same percentage of revenue.