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Back out sales tax from a final price?
Message
 
To
08/01/1999 23:33:47
General information
Forum:
Visual FoxPro
Category:
Coding, syntax & commands
Miscellaneous
Thread ID:
00174259
Message ID:
00174301
Views:
43
Thanks alot. I knew it was simple but I was making it much harder.

__Stephen Russell

>>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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