A penny for your thoughts.

Just because the penny is eliminated doesn't necessarily that prices will suddenly occur in multiples of 5. Prices could remain as they are, it's how you pay that would be effected.

As for rounding it wont make much of a difference at all. If you round up at 2.5+ cents and round down at 2.4 - statistically speaking you're going to break even over the course of a lifetime.

How ya doing, buddy?

Crash, what I mean about not necessarily pricing things in multiples of 5 is as follows.

You gave the Snickers example at $.79

First of all you're forgetting taxes. In a state with an 8% sales tax the price will come out to $.85. If you factor in taxes when purchasing multiple items pricing things at multiples of 5 will not solve the penny problem.

Your gas example is pretty good, but the problem with it is that it doesn't apply to any other type of purchase. Gas is the only thing I can think of which is biased towards the next penny. Believe me when I tell you if you were to do a bell curve analysis of a large number of purchases the side of the curve with dollar endings at $.025 + endings will be damn near perfectly symmetric with the dollar endings at $.024 and less. What this means is that over a life time the rounding up and down will cancel each other out. Most people don't get just one thing when they go into a store so retailers trying to price things at $15.03 wouldn't work because it may have been my intention to also buy something that was $4.03 thus making them lose that penny. With the billions of purchases made there's no way to strategically win in a rounding scenario. It's going to come out to equillibrium.

For your last example no one says stocks stocks and such have to increase in $.05 incriments. Stocks are essentially electronic money which can be payed exactly.

There's nowhere I can't reach.