How to Round Cash Transactions - BC
Amounts ending in 1 cent, 2 cents, 6 cents and 7 cents are rounded down to the nearest 5 cent increment. For example, $1.01 is rounded to $1.00 and $29.97 is rounded to $29.95.
Amounts ending in 3 cents, 4 cents, 8 cents and 9 cents are rounded up to the nearest 5 cent increment. For example, $14.13 is rounded to $14.15 and $125.68 is rounded to $125.70.
Amounts ending in 0 and 5 cents remain unchanged.
Example
Laundry detergent $6.99
7% provincial sales tax 0.49
(as of April 1, 2013)
Total amount $7.48
If payment is by:
* cash, the 8 is rounded up to the nearest 5 cent increment and the payment amount is $7.50
* cheque, credit or debit, the amount is $7.48 (no rounding)
-notes form the Government of BC
http://www2.gov.bc.ca/gov/topic.page?id=D1DFDF7D64C64010A015C0688FBA8C2B
We offer free reviews on businesses that include background, licensing, consumer experience and other information such as governmental actions that is known to BBB. These reviews are provided for businesses that are BBB accredited and also for businesses that are not BBB accredited.
As a matter of policy, BBB does not endorse any product, service or business.
BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.
BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.