Penny rounding adds millions a year to grocery stores’ bottom line

A UBC study examined the financial benefits of penny rounding for grocery stores, the Canadian Press reported.

Christina Cheng, a UBC economics and math student, found that each grocery store she studied made about $157 a year from rounding up to nearest five-cent increment.

The CP story appeared in the Globe and Mail, CTVCP 24Toronto Star, Winnipeg Free PressRegina Leader-Post and Times Colonist, and a similar story appeared in the Vancouver Sun and The Province.