Percentage of sales

It depends on your jurisdiction and your calculator.

For example, I am in Ontario where the Harmonized Sales Tax is 13%.

To calculate the HST, you multiply the amount by 13/100 or 0.13. On some calculators, you can hit 13 then the percent key and it divides the number by 100.

To calculate the total including tax, add a 1 in front of the decimal. With 13% HST, you would use 1.13. So for a purchase of $100, you would get $113.

Good luck.

Paul

Partly this is a matter of interpretation. If $101.65 is seen as 100% then sales tax is
$101.65 x 6.25 / 100 = $6.35

However there is a flaw in this. The remainder (the sale price) is
$101.65 - $6.35 = $95.30

So what was the sales tax on this remainder?
6.35 / 95.30 x 100 = 6.67%........too much

So we should regard the $ total as 106.25% not 100%. Then the amount which was sales tax is really
$101.65 x 6.25 / 106.25 = $5.98

5.98

Hi Lori,

Here is how it is done. In INVENTORY, create a coupon item. In description, call it DISCOUNT, set to FLAT AMOUNT, check each SALES TAX used, and set amount to a negative -1.00. Click INCLUDE and choose which items or departments this coupon works for. You will need a coupon item for each amount of coupons you have out. This will show the discount amount on receipt and subtract the tax discount.
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Sales tax is simply a digital factor of a dollar, so 7% would be 7 cents on each dollar. the way to figure 7% sales tax on $22.50 would be: $22.50 X 0.07 = $1.58 for a total of $24.08.

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Percentages are calculated by using the following equation:
amount/total = percentage
Where percentage is in decimal format.
What do you want to do?

Calculate the amount if you know the total and percentage For example, if you purchase a computer for $800 and there is an 8.9% sales tax, how much do you have to pay for the sales tax? In this example, you want to find 8.9% of 800.
Example The example may be easier to understand if you copy it to a blank worksheet.

1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Note Do not select the row or column headers.
   Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the Formulas tab, in the Formula Auditing group, click the Show Formulas button.

1 2 A B Purchase price Sales tax (in decimal form) 800 0.089 Formula Description (Result) =A2*B2 Multiplies 800 by 0.089 to find the amount of sales tax to pay ($71.20) Note To convert a number in percentage format to a decimal, divide it by 100. For example, the sales tax in this example (8.9) divided by 100 is .089.
Calculate the percentage if you know the total and amount For example, if you score 42 points correctly out of 50, what is the percentage of correct answers?
Example The example may be easier to understand if you copy it to a blank worksheet.

1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Note Do not select the row or column headers.
   Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the Formulas tab, in the Formula Auditing group, click the Show Formulas button.

Simple way Amount/Total*100

Hello! It would depend on the State your buying the vehicle...In North Carolina, in lieu of a sales tax, a 3% tax is charged each time the title is transferred...However, assuming a tax of 7%...

$17000.00
- 2000.00
$15,000.00 X 7% = $1050.00 + $15,000 = $16,050.00


Guru..........Saailer

I’m happy to help further over the phone at https://www.6ya.com/expert/david_6df67de3b14de867

Once the check is ready for printing you add the the collection credit as an additional line in the expenses tab at the bottom of the check.

To program a sales tax rate of 6%
1 Find your sales tax rate. You may need to contact your local government
office.
2 Put the PRG key in the Mode key slot and turn it to the PRG position.
3 In the round Number keys area, press 1 and then press the Tax 1 key.
4 Press 6000 and press the Amount Tend Total key. Your sales tax is
programmed.

Hi nastyguy3000;

To calculate a percentage in excel you simply take
amount/total = percentage in your cell

Example A B Purchase price Sales tax (in decimal form) 800 0.089 Formula Description (Result) =A2*B2 Multiplies 800 by 0.089 to find the amount of sales tax to pay ($71.20)

Have Fun

Mark

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