1 Reply Latest reply on Mar 31, 2015 4:53 PM by philmodjunk

    Reply to Calculation not returning . . .

    RickWhitelaw

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      Reply to Calculation not returning . . .

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      This is a reply to a post. Due to being on iOS I was not able to reply directly because the captcha won't appear on iOS.

      An example I've encountered and solved involves union work dues. Let's say a contract is for $10,000.00. Work dues rate is 3%. It would seem the result should be $300.00. However not everyone on the contract is paid the same amount and members' work dues are calculated by member. Of course each per member amount must be rounded to the nearest penny. So the solution is to round the individual work dues amount per member and sum these to get a total which can be different than 3% of $10,000.00.

        • 1. Re: Reply to Calculation not returning . . .
          philmodjunk

          Hi Rick, did you post here because you couldn't find the original thread once you were using a system that works with Captcha? In the future, you might add that thread to favorites as a way to find it.

          It's a good example of why you can't just indiscriminately round values.

          There's  a legend out there that a programmer working for a financial institution once used round off error to deposit fractions of a cent round off errors to his personal bank account and ended up with a sizeable amount of illegally gained funds...