I Want All Them Pennies!

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FriedTater
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I Want All Them Pennies! - Fri, 08/31/12 10:46 AM
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  Chipotle Admits to Rounding Up Price Totals
Posted: 30 Aug 2012 08:29 AM PDT

It seems that the popular, somewhat-Mexican food restaurant Chipotle got caught cheating in math.
After a curious customer actually did some math of his own, he discovered a trend in his Chipotle receipts that rounded up his grand total.
Chipotle didn’t bother fighting it and admitted that rounding up was a practice they used across the country.
A spokesperson for Chipotle said that they rounded to the nearest nickel and in some cases even rounded to the nearest quarter so that the cashier did not have to deal with a ton of coins and kept the lines moving quickly.
Chipotle said that they usually did this in “high volume” markets and either rounded up or down.
So, Jayson Greenberg, the curious customer who wondered why he’d never get pennies back from his Chipotle is the one who stirred up this whole thing in the first place.
He added up the orders on three of his receipts and on first receipt the total should have been $35.24, but it was rounded up to be $35.25. On his second receipt, the total should have been $9.24, but was rounded up to total $9.25. Finally, the third receipt should have totaled $18.99, but again it was rounded to $19.
So, the idea of keeping the lines moving made sense to Greenberg, except that like most places in 2012, the Chipotle Greenberg visits has a machine that spits out the change for the customer and the cashier never touches it.
Chipotle said they did not profit at all from the rounding, and those concerned will be happy to know that as of August 1, Chipotle started rounding down its totals and eliminated the upward rounding completely.


Foodbme
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Re:I Want All Them Pennies! - Fri, 08/31/12 4:33 PM
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As Ben Franklin says, "A penny saved is a penny earned"!

Foodbme
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Re:I Want All Them Pennies! - Fri, 08/31/12 4:35 PM

Bruce Bilmes and Susan Boyle
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Re:I Want All Them Pennies! - Fri, 08/31/12 4:54 PM
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The problem's not government work. The problem's that inflation, low or not, has made the penny practically valueless. A penny in 1973 was worth today's nickel. A penny in 1947 was worth today's dime. A penny in 1902 was worth today's quarter.

Dr of BBQ
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Re:I Want All Them Pennies! - Fri, 08/31/12 5:03 PM
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Gee I wonder who it is that always talks about controlling inflation.......I just can't remember. Oh well.

Dr of BBQ
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Re:I Want All Them Pennies! - Fri, 08/31/12 5:06 PM
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But back to the topic of the thread what they did was theft. McDonald's put one less pickle on each sandwich and saved millions a year. How much did Chipotle make running this scam.

Hot Dog Empire
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Re:I Want All Them Pennies! - Fri, 08/31/12 10:31 PM
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Dr of BBQ

How much did Chipotle make running this scam.

And how many years did it go on for? X how many stores? Seems like they got off easy. Im going to try that excuse the next time I get pulled over for speeding on the highway. "I know I was speeding Officer, but I was rounding UP - because its easier for me when I glance at my gauges"!