0
I'm kinda assuming you mean you want to find the pre-tax price of something when you know the post-tax price of that item. easiest way to do that is to cross-multiply. let's say your sales tax rate is 7%, then a pre-tax amount of $1 would equal $1.07 after tax. that ratio stays the same, so if your total cost (including tax) for an item is $27.77, you can say:
$1.00 X
------- = ---------
$1.07 $27.77
then just solve for X:
X = (1 * 27.77) / 1.07 = 25.95
just substitute your post tax price for a one dollar item in place of the $1.07, and the post tax price of your item for the $27.77 to find the pre-tax price of your item.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What tax is paid by businesses only?
sales tax sales tax!
How do you Gross up sales tax?
Sales Tax / Sales Tax Rate = Gross Sale
Percent of sales tax for 1075 and sales tax is 43?
If an item costs $1,075.00 and the value of the sales tax is $43.00, the percentage of sales tax is 4%
Does Montana charge sales tax?
yes Montana has sales tax. there tax is 8.7 sales tax. NO, Montana does NOT have a Sales Tax. Or, to put it another way, there is a 0.0% sales tax. I have lived here for years...I don't pay a sales tax. Whoever said yes, must not live in Montana.
How do you post sales tax payable as journal entry?
debit sales tax expensecredit sales tax payable
What tax is paid by businesses only?
sales tax sales tax!
A tax on things you by?
Sales tax, of course.
How do you Gross up sales tax?
Sales Tax / Sales Tax Rate = Gross Sale
How do you calculate a price before 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 <<<<<.
Juan's purchase before sales tax was added totaled 46.00 The total including tax was 48.76 What was the sales tax rate?
Total with sales tax $48.76 minus total without sales tax $46.00 = sales tax $2.76. Sales tax $2.76 divided by purchase $46.00 = sales tax rate 6%.
Percent of sales tax for 1075 and sales tax is 43?
If an item costs $1,075.00 and the value of the sales tax is $43.00, the percentage of sales tax is 4%
Does minnesota charge sales tax on labor?
No, you do not pay sales tax on labor. Sales tax is for materials.
Does Montana charge sales tax?
yes Montana has sales tax. there tax is 8.7 sales tax. NO, Montana does NOT have a Sales Tax. Or, to put it another way, there is a 0.0% sales tax. I have lived here for years...I don't pay a sales tax. Whoever said yes, must not live in Montana.
What is the state sales tax in Oregon?
There is no sales tax in the state of Oregon.
What is the sales tax on 2.49 and the sales tax is 5.5?
The total tax is $0.14
How do you post sales tax payable as journal entry?
debit sales tax expensecredit sales tax payable
What is the sales tax in Alaska?
Alaska does not have a State sales tax; however, several communities across the state do have a sales tax. These taxes are low - about 2%.
