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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
What else can I help you with?
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 unit cost when given a quantity?
To calculate the unit cost, divide the total cost by the quantity produced or purchased. The formula is: Unit Cost = Total Cost / Quantity. For example, if the total cost is $500 for 100 items, the unit cost would be $500 / 100 = $5 per item. This gives you the cost associated with producing or acquiring a single unit.
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
Can you please shut up and calculate the total cost of the project?
Please calculate the total cost of the project.
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 work out total cost of 35kwh to cost per kwh?
To calculate the cost per kWh given 35 kWh of usage and the total cost, divide the total cost by the number of kWh. For example, if the total cost is $70 for 35 kWh, the cost per kWh would be $70 / 35 kWh = $2 per kWh.
