Tax = Total Amount - (Total Amount / (1 + Tax Rate))
Example: Total including tax is $2.14 and the tax rate is 7% (0.07).
The base amount -- or purchase price -- is $2.14 divided by 1.07, or $2.00.
The tax is 2.14 - (2.14/1.07) = $0.14
To add a 15 percent commission on net sales, first calculate the total net sales amount. Then, multiply that amount by 0.15 (which represents 15 percent). Finally, add the calculated commission to the net sales to find the total amount including the commission. For example, if net sales are $1,000, the commission would be $150, making the total $1,150.
The amount of tax on $12 depends on the tax rate applied. For example, if the sales tax rate is 5%, the tax would be $0.60, making the total $12.60. To find the tax amount, simply multiply the total amount by the tax rate (as a decimal).
To find the discount on an item, multiply the original price by the discount percentage (expressed as a decimal), then subtract that amount from the original price. For sales tax, multiply the original price (or the price after discount) by the sales tax rate (also as a decimal). Finally, add the sales tax to the discounted price to get the total cost.
To work VAT backwards in rands, first determine the total amount (including VAT) and the VAT rate. For example, if the total amount is R1200 and the VAT rate is 15%, you can calculate the VAT-exclusive amount by dividing the total by 1 plus the VAT rate (1 + 0.15). This gives you R1200 / 1.15 = R1043.48. Then, subtract this amount from the total to find the VAT amount: R1200 - R1043.48 = R156.52.
To deduct VAT from a total figure, first identify the VAT rate applied. For example, if the total amount includes a 20% VAT, divide the total by 1.20 to find the net amount before VAT. Then, subtract this net amount from the total to isolate the VAT amount. Alternatively, you can multiply the net amount by the VAT rate to find the VAT directly.
To calculate the total cost including a 5.75% sales tax on an amount of $206.88, first find the sales tax by multiplying $206.88 by 0.0575, which equals approximately $11.92. Adding this sales tax to the original amount gives a total cost of about $218.80.
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.
8.5% of $20,000 is 8.5 x $20,000 / 100 or $1,700, so the total price would be $21,700
To find the total cost of a pair of shoes priced at $57 with a sales tax of 2%, first calculate the sales tax amount by multiplying the price by the tax rate: $57 × 0.02 = $1.14. Then, add the sales tax to the original price: $57 + $1.14 = $58.14. Thus, the total cost of the shoes is $58.14.
The total number of jobs that was completed by a sales person would have to be researched on the census. It would be a complete amount of jobs that you would have to find when they speak with a number of sales represenatives at a particular company.
Sales people who earn money based on their sales are said to work on commission. They are commissioned employees. Not all sales people are commissioned, but you can find them in many types of retail establishments: clothing, electronics, and most commonly: car sales.
There are three steps you should take to calculate average gross receivable. First, figure out your average figures during a gross period, Next, figure out the total amount of sales tax for a period. Finally, divide the net amount of credit sales with the average gross amounts to find your total.
find the total for items costing $149.99 with sales tax of 5.75%
take the amount of the sales tax and divide it by the percent of the tax... i was on that same question on my hw
To find the total amount, you can use the formula: Total Amount = Principal + Interest. First, calculate the interest using the formula: Interest = Principal × Rate × Time (in months/12). Then, add the interest to the principal to get the total amount.
total sales or business (loss or profit) done in a financial year
To deduct VAT from a total figure, first identify the VAT rate applied. For example, if the total amount includes a 20% VAT, divide the total by 1.20 to find the net amount before VAT. Then, subtract this net amount from the total to isolate the VAT amount. Alternatively, you can multiply the net amount by the VAT rate to find the VAT directly.