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Fraction of One Cent

Supplies Control (Prices) Regulations, reg. 7 · Revised Edition 2020

Whenever the landed cost or the permitted percentage mark- up of the permitted additional cartage mark-up under Regulation 3 (7) of any price-controlled goods would, but for this paragraph, include a fraction of one cent, then in calculating such landed cost or percentage mark-up, or permitted additional cartage mark-up– (a) if the fraction is less than half of one cent, it shall be omitted; (b) if the fraction is half of one cent or more, it shall count as one cent.
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