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The last-ever penny will be minted today in Philadelphia

(www.cnn.com)
334 points andrewl | 1 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. pessimizer ◴[12 Nov 25 16:48 UTC] No.45902404[source]▶
What's more contemptible: that CNN refused to spend the 30 seconds that it would take to do the math; or that it interviewed a "spokesman" that also didn't spend 30 seconds to do the math, and was sure that nobody would check?

This is the kind of article that should be written by AI (or not written, really.) If you completely fictionalized the empty interviews, nothing would be lost.

Maybe the "spokesman" has been told to angle for a government subsidy for the inconvenience of losing pennies? And from a gas station, which add that goofy fraction of a cent at the end of their pricing.