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What is the net sale amount for a total sale of 367.50 if the sales tax is 5?

To calculate the net sale amount, you can first find the sales tax amount by dividing the total sale amount by 1 plus the sales tax rate. In this case, the net sale amount is calculated as follows: Net Sale Amount = Total Sale Amount / (1 + Sales Tax Rate) = 367.50 / (1 + 0.05) = 367.50 / 1.05 ≈ 350.00. Therefore, the net sale amount is approximately $350.00.


Does net sales include sales tax?

No, net sales do not include tax. It is the total amount of company sales after the deduction of returns, damaged goods and any discounts.


Does net cost include sales tax?

Net cost does not include sales tax. The net cost of an item is the cost of the item after any discounts or returns and before any tax.


Does net purchase price include sales tax?

what is meant by net price? does it include excise duty? If included, how is it claculated


What do you use to figure sales tax your gross sales or net sales?

Net Sales..


How do you Gross up sales tax?

Sales Tax / Sales Tax Rate = Gross Sale


What is net sales tax?

excluding tax


Net sales minus cost of goods sold?

Net sales - CoGS = Gross Profit Gross Profit - other expenses = Net profit before tax Net profit before tax - tax amount = Net profit after tax


What are Tax implication of high sea sale?

In HIGH SEA SALE THERE WILL NO SALES TAX IS CHARGES SINCE THE SALE IS CARRIED OUTSIDE THE TERRITORIAL JURISDICTION OF INDIA THERE WILL NOT BE SALES TAX LEVIED IN INDIA.


What is sales tax on auto?

Whatever percent of a dollar the sales tax for your state is, multiply that by the sale price for the amount of sales tax owed. example: sales tax = 5 cents on the dollar or .05 the sale price is $10,000.00 .05x10,000=$500.00


What is the Arkansas sale tax rate?

6% sales tax


What is the difference between sales tax and vat?

Sales Tax is a tax charged on Sale of any item whereas VAT is value added tax charged on both sale & purchase.