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How do you calculate taxable cost if total cost with tax is given?
Wiki User
∙ 15y ago
I had to do this a couple of times, before I ignored the algebra and just went the easy way. C = P/1.06 Total Cost - Price = P Cost - In store cost = C Tax Rate = T C + T = P and T = C * .06 (or whatever your tax rate is) Substituting: C + (C * .06) = P 1C + .06C = P (Understood 1, base is the same, so you can add it together.) 1.06C = P C = P/1.06 Example, Total Cost - Price = $61.94, Tax Rate - T= .06, Find the original In Store Cost - C C = P/1.06 C = $61.94/1.06 C = $58.43 To Check, Original In Store Cost - C $58.43 * Tax Rate .06 = $3.51 Tax Add Cost to Tax = $58.43 + $3.51 = $61.94
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoTo find the value of tax from the income, simply change the percentage into a decimal (25% to 0.25) and multiply that with your income.
if you want to find out how much the total is when you buy something.... Then add the answer you get from multiplying the payment with the percentage and add that to your how much you pay / subtract from your income.
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How do you calculate fixed cost given total cost and sales volume?
Fixed cost = total cost / sale volume
How do you calculate your variable cost and fixed cost given total costs and sales volumes?
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.
How do you calculate the profit maximizing output level given a total revenue and total cost function?
how to calculate profit maximizing water level under quadratic cost function
How do you calculate cost price when selling price and total profit is given?
cost price = selling price - profit
How calculate fixed cost from total cost and quantity?
Well if you're given the total cost of 0 units, then that would be your fixed cost as FC doesn't vary with any change in the total output produced (quantity).
How do you calculate cost per sq. meter?
That would depend what information you are given. The cost of floor tiling is often already expressed per square meter. If you know the total cost of a certain floor, you can divide by the area to get the cost per square meter.
How do you calculate fixed cost and variable cost given total cost and quantity?
We can calculate using following methods 1 - High-Low method 2 - Regression analysis method 3 - Graphical method
How do you calculate marginal cost?
Given the data on fixed and marginal Costs we require the number of units produced to ascertain the Average Total cost, from the MC we an get the TC but to calculate ATC we need the data on total quantity produced
How do you calculate Total Cost without Total variable cost?
To calculate the Total Cost without Total variable cost, one should estimate for the variables or substitute for the variables with a variable such as X or Y and then solve for the approximate total cost.
How do you calculate the total cost of each combination given only the quantities of two items?
You cannot. You MUST have some information on costs.
How do you calculate total cost of job?
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How calculate total period cost?
A total period cost is anything that is not prepaid. To calculate period cost, just include anything that is charged in the period incurred.
