Sales tax varies from place to place. You need to identify what the sales tax is in the area where you are selling the item
The sale price will be $112.50 + tax.
The sale price would be $111.00 + tax.
The tax is $245.00
To calculate the tax percentage on a sale take the total sale, subtract the price of the item, then divide the result by the price of the item. Fpr examplea $1.00 item is purchased, the total sale is $1.10, subtract the $1.00. $.010 was paid in tax, to determine the tax percentage paid divide $ .10 by the$1.00 item price and you get a .10 tax rate (or 10%).( total purchase price - price of item ) / price of item = tax percentageBe aware that on some sales only a portion of the sale is taxable, such as a take out order from a restuarant only the carbonated beverage may be taxable.
Multiply the pre-tax price by 1.065
Sales Tax is a tax charged on Sale of any item whereas VAT is value added tax charged on both sale & purchase.
The tax calculated on a per item basis is typically sales tax. This tax is applied to the sale of goods and services, where a specific percentage is added to the price of each item sold. The rate may vary by jurisdiction and can depend on the type of item being sold. Sales tax is collected by the seller at the point of sale and remitted to the government.
112 U.S. dollars + (5.5 percent tax) = 118.16 U.S. dollars
.06 x 48 = 2.88 dollars
$7.20
The total tax is $0.14 and the total price with tax is $2.14
The tax amount is $9.30 bringing the total to $164.30