What Does 9 10 Mean For Gas at Robert Guajardo blog

What Does 9 10 Mean For Gas. Gas stations added the fraction of a cent on the end of the price instead of rounding up the price. “they found out that if. The revenue tax act of 1932 allowed for a federal tax of $0.01 to be. It is exactly 109.9 cents per liter,. What’s with this penny fraction? But why did it stick around? The practice of tacking 9/10 of a cent on the end of a gas price goes back to when gas cost only pennies per gallon and was a tax imposed by state and federal governments. While 9/10 of a penny only increases your price at the pump by less than 20 cents per fill up for a 20 gallon tank, it adds up. Blame the government and the great depression. Raising prices a penny would have been disastrous when gas only cost 15 cents. Billboards near the gas store read numbers like $109.9. Is this the price of 1 or 10 liters? Many station owners would prefer their prices to be just a tenth of a cent below an even dollar amount, instead 9/10 of a cent above. It’s 9/10 of a cent. If gas costs 3.10 9/10 then it just multiplies that number by how many gallons you buy and then rounds to the nearest cent.

When you pull into a gas station, you’ve probably noticed that the gas prices displayed on a sign or the gas pump have a. It is exactly 109.9 cents per liter,. Raising prices a penny would have been disastrous when gas only cost 15 cents. Is this the price of 1 or 10 liters? “they found out that if. But why did it stick around? Many station owners would prefer their prices to be just a tenth of a cent below an even dollar amount, instead 9/10 of a cent above. What’s with this penny fraction? If gas costs 3.10 9/10 then it just multiplies that number by how many gallons you buy and then rounds to the nearest cent. Gas stations added the fraction of a cent on the end of the price instead of rounding up the price.

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What Does 9 10 Mean For Gas What’s with this penny fraction? But why did it stick around? Many station owners would prefer their prices to be just a tenth of a cent below an even dollar amount, instead 9/10 of a cent above. It’s 9/10 of a cent. If gas costs 3.10 9/10 then it just multiplies that number by how many gallons you buy and then rounds to the nearest cent. What’s with this penny fraction? The revenue tax act of 1932 allowed for a federal tax of $0.01 to be. Billboards near the gas store read numbers like $109.9. Is this the price of 1 or 10 liters? “they found out that if. The practice of tacking 9/10 of a cent on the end of a gas price goes back to when gas cost only pennies per gallon and was a tax imposed by state and federal governments. It is exactly 109.9 cents per liter,. Gas stations added the fraction of a cent on the end of the price instead of rounding up the price. Blame the government and the great depression. While 9/10 of a penny only increases your price at the pump by less than 20 cents per fill up for a 20 gallon tank, it adds up. When you pull into a gas station, you’ve probably noticed that the gas prices displayed on a sign or the gas pump have a.