I doubt anyone who needs a penny will be unable to find one within the next 100 years.
I doubt anyone who needs a penny will be unable to find one within the next 100 years.
Personally, I think stores should just start setting prices to avoid the need for pennies, but that would be too easy, I guess.
If the effective tax rate is 7.432%, you can price single items so that the price plus tax ends up in a multiple of $0.05, but if you get a purchase with multiple items, you either need to round somewhere or post prices that are like $9.346263437.
I know it's hard to imagine the price on the shelf being the price that you pay, but I believe it is possible even in complex tax situations.
But good luck convincing every state, county, municipality, and other weird governing body that requires something other than that and also collects a weird sales tax.
Or go with the solution that papers over all that nonsense: a flexible and maximum $0.04 per purchase discount.