New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 45A - ADMINISTRATIVE RULES OF THE DIVISION OF CONSUMER AFFAIRS
Subchapter 14 - UNIT PRICING OF CONSUMER COMMODITIES IN RETAIL ESTABLISHMENTS
Section 13:45A-14.6 - Calculation of the numerical unit price of a regulated consumer commodity
Current through Register Vol. 56, No. 18, September 16, 2024
(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:
(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.
