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Back out sales tax from a final price?

Message

From

08/01/1999 23:33:47

Bob Cassady
Software Systems
Calgary, Alberta, Canada

To

08/01/1999 20:38:52

Stephen Russell
S. R. & Associates
Memphis, Tennessee, United States

General information

Forum:

Visual FoxPro

Category:

Coding, syntax & commands

Title:

Re: Back out sales tax from a final price?

Miscellaneous

Thread ID:

00174259

Message ID:

00174299

Views:

38

>what is the formula to back out the sales tax from a sales price. I need to helpsomeone who has vending machines. A coke sells for .50 and tax is 8.25%
>
>TIA

PreTaxPrice = (TaxIncludedPrice / (1 + DecimalValueOfTax) )

TaxFreeCoke = ( .50 / 1.0825) = .461893764

Bob

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