yes there is
First you calculate the amount of the tax on the item. Then you add together the original cost of the item and the tax.
The easiest way to understand the answer is to turn it around. If you wanted to calculate the item price plus tax, you would multiply the item price by 1.073. So, to back up to the item price from the item price plus tax, divide the item price plus tax by 1.073. $20.00 / 1.073 = item price before sales tax.
Tax
The tax of an item is the money that goes to the poor. Depending on where you live, if your government or president is rich, then the tax amount is bigger. If the government is poor, than there is a low amount of tax on an item.
indirect tax A+
An excise tax or sales tax is calculated on a per-item basis
An excise tax or sales tax is calculated on a per-item basis
131.3 x 10 / 101 = 13
Yes, you should keep them. Always assume that you're going to be audited and have to prove every item.
The total tax is $1.06 and the total price with tax is $14.37
The colonists were mad because they didn't want to pay tax on every paper item they buy.
To determine the total cost of an item including tax, first convert the tax rate from a percentage to a decimal by dividing it by 100. Then, multiply the item's price by this decimal to calculate the tax amount. Finally, add the tax amount to the original price of the item to find the total cost. The formula can be summarized as: Total Cost = Price + (Price × Tax Rate).