Tuesday, April 28, 2009

Theory of rounding off -- whose money is it!

Ever checked your bill (receipt) at various cafe, coffee outlets, food joints. Many (most) of them have a habit of rounding it off -- yes here I am referring to the Net Amount which is payable as a customer to the vendor.
  • Odd amounts are an outcome of the tax(es) and the total amount from the basic products sold/bought
  • Rounding off is just a feature which makes transaction simple
  • Thus an amount of Rs.68.50 will get rounded off to Rs.69.00
As far as my reaction goes I fight for it come what may. And one should.

Before that do you really care as to how the totals and net payables are listed in the bill. Many don't and that is where things go unnoticed. Vendor is fine with any of such things till the point the customer does not complain. If the customer does complain the money comes back in some time.

Bottom line is that no one should loose money; customer or the vendor. So my view is make sure you take a look at the bill/receipt. See . To make it easier for both; choose to pay the bill using a card (debit or credit) or in case it is not acceptable make sure you carry enough change with you.

Cheers.

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