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Message
re: Sales/math question
Posted on 11/5/19 at 8:52 am to Sneaky__Sally
Posted on 11/5/19 at 8:52 am to Sneaky__Sally
quote:
That is a very generic statement to make when you have no idea what kind of service OP is providing
You think OP is even asking the question if going from $400.85 to $500 is common practice for whatever it is he's doing?
A little common sense goes a long way.
1
Posted on 11/5/19 at 8:54 am to LNCHBOX
quote:
You think OP is even asking the question if going from $400.85 to $500 is common practice for whatever it is he's doing?
A little common sense goes a long way.
I feel like OP was making a joke thread since he was asking about rounding $0.01 in a business transaction...
Common cents as it were.
This post was edited on 11/5/19 at 8:55 am
Posted on 11/5/19 at 8:55 am to DovaVol
401
Posted on 11/5/19 at 8:59 am to Sneaky__Sally
quote:
I feel like OP was making a joke thread since he was asking about rounding $0.01 in a business transaction...
Common cents as it were.
Not a joke thread, it was a question that went around the office yesterday when a customer was in paying for their invoice. In the example, about half the office said $400.85 since the next digit is a 4 and there's only two decimals for currency. The other half of the office argues 400.86 b/c the 5 rounds the 4 to a 5, which rounds the 5 to a 6. Was just curious what the OT thought. Definitely was my mistake only using $400 in the example, should have know the OT only deals in 6 figures
This post was edited on 11/5/19 at 9:00 am
Posted on 11/5/19 at 9:16 am to DovaVol
Mathematically, you only consider the 3rd digit when rounding for money this way (the 4 can't round up to a 5 and then make you round up the next digit as a result).
It should be $X.XX5 or more to round up.
I just thought it was a joke because it seemed so trivial I didn't think anybody would be too worried about the one cent either way - didn't mean anything about the amount of money
It should be $X.XX5 or more to round up.
I just thought it was a joke because it seemed so trivial I didn't think anybody would be too worried about the one cent either way - didn't mean anything about the amount of money
This post was edited on 11/5/19 at 9:21 am
Posted on 11/5/19 at 9:24 am to Saucypants
quote:
500
Posted on 11/5/19 at 9:29 am to DovaVol
Cut off the extra 2 decimal remainders & put them into an account that we opened...it's like Superman 3
Posted on 11/5/19 at 9:31 am to LNCHBOX
never mind...
This post was edited on 11/5/19 at 9:33 am
Posted on 11/5/19 at 9:32 am to Tigear
quote:
Cut off the extra 2 decimal remainders & put them into an account that we opened...it's like Superman 3
Watch out for your cornhole, bud.
Posted on 11/5/19 at 9:34 am to Sneaky__Sally
quote:
Mathematically, you only consider the 3rd digit when rounding for money this way (the 4 can't round up to a 5 and then make you round up the next digit as a result).
I think this is where the debate started yesterday. Some folks follow your rule, whereas others were using the 5 to round up the 4 to a 5, and thus the 5 to a 6. I get that it's trivial being that it's 1 penny and most folks don't care one way or the other. It was just something that came up during a transaction yesterday.
Posted on 11/5/19 at 9:34 am to DovaVol
$403.50
Posted on 11/5/19 at 9:35 am to DovaVol
Is it really necessary to put together a quote for $400 bucks. That’s what I say
Posted on 11/5/19 at 9:37 am to DovaVol
quote:
others were using the 5 to round up the 4 to a 5, and thus the 5 to a 6.
Those people are wrong.
Posted on 11/5/19 at 9:47 am to DovaVol
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