the answer is oringinal tax
purchase price x percent sales tax .... then added to the original amount
The sales tax adds $1.19 to the price.
The sales tax will be $1.24 which will equal to $16.19 as the total price.
The total tax is $2.17 and the total price with tax is $33.15.
Commission would be apply to the sales price, which does not include tax.
Original Price = Total / (1 + Tax)
purchase price x percent sales tax .... then added to the original amount
The amount of tax divided by the percent of tax (expressed as a decimal) will equal the original price.
In most states, sales tax is applied to the final purchase price, thus the answer to this question would be the discount price.
The original price was 200.00
The price of an object is 100%. If you have to add sales tax for instance you need to divide the price by 100 and multiply by the rate of sales tax. This is then added to the original price to give the total selling price.
The sales tax adds $1.19 to the price.
Multiply the price by 1.08875. Try it with an easy figure - say the price is 100, including the sales tax this would be 108.875 (108.88 to two decimal places). If the original price was 50, then the total including the sales tax would be 50.044375 (50.04 to two places)
The new price is 106% = 1.06 of the original price. 1.06 x 21.25 = 22.525
The gross sales priceis the price that the customer pays, including sales tax. Thenet sales priceis the price without sales tax.
Usually prices are straight forward in locations with no tax. After knowing the price you then calculate the tax. However, if you know the price of the item after tax you can simply subtract the percentage of sales tax. Example: The final price of a sticker cost $2.06. The sales tax is 7%. $2.06 - 0.07 = $1.99 The original price of the sticker was $1.99 *FYI to convert percent to decimal start at the percent sign then move two decimal places to the left <<<<<.
Sales tax is on the purchase price not the value.