Mnemostylist: Rounding Mechanism to the nearest multiple of 5 sen

Mnemorable

I love those who can smile in trouble, who can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink, but they whose heart is firm, and whose conscience approves their conduct, will pursue their principles unto death. - [Leonardo da Vinci]
Standing on the Shoulder of Giants - One who develops future intellectual pursuits by understanding the research and works created by notable thinkers of the past.
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Friday, March 27, 2009

[Link] - Rounding Mechanism
[Link] - Frequently Asked Questions on Rounding Mechanism

The table below illustrates how the Rounding Mechanism works:

Bill ends in sen	Round off to the nearest 5 sen	Total Amount of A Bill
Bill ends in sen	Round off to the nearest 5 sen	Total amount before rounding (RM)	Total amount after rounding (RM)
1,2	Down	82.01 82.02	82.00
3,4	Up	82.03 82.04	82.05
6,7	Down	82.06 82.07	82.05
8,9	Up	82.08 82.09	82.10

General guidelines of rounding

The total amount of a bill (including goods and services subject to tax) that ends in 1, 2, 6 and 7 sen to be rounded downwards and 3, 4, 8 and 9 sen to be rounded upwards to the nearest multiple of 5 sen.

The Rounding Mechanism table must be clearly displayed at the point of sale to ensure customers are appropriately informed.

Receipts / bills / invoices should feature the total amount before and after the rounding adjustment.