N.J. Admin. Code § 13:45A-14.6

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:45A-14.6 - Calculation of the numerical unit price of a regulated consumer commodity

(a) The unit price shall be calculated to the nearest cent for all regulated consumer commodities when the retail price per approved unit of measure is $ 1.00 or more.

(b) The unit price shall be calculated to the nearest cent or the nearest one-tenth of one cent for all regulated consumer commodities when the retail price per approved unit of measure is less than $ 1.00.

(c) For the purpose of determining the nearest cent or one-tenth of one cent, any calculation of the price per unit resulting in $ 0.05 cents or $ 0.005 cents per unit shall be rounded up to the next higher cent or one-tenth of one cent. Any such calculation resulting in less than $ 0.05 cents or $ 0.005 cents per unit shall be rounded down to the next lower cent or one-tenth cent. For example:

1. $ 1.005 per unit shall be marked $ 1.01 per unit;

2. $ 1.004 per unit shall be marked $ 1.00 per unit;

3. 50.05 [cents] per unit shall be marked 50.1 [cents] per unit;

4. 50.04 [cents] per unit shall be marked 50.0 [cents] per unit;

(d) If the numerical unit price is $ 1.00 or more, the unit price shall appear on the unit price label, sign, list or tag, expressed as dollars per unit. If the numerical unit price is less than $ 1.00, the numerical unit price shall be expressed as cents per unit.

N.J. Admin. Code § 13:45A-14.6

Amended by R.1998 d.489, effective 10/5/1998.
See: 29 New Jersey Register 3772(a), 30 New Jersey Register 3657(b).
In (b), inserted "the nearest cent or" following "calculated to".