Is there a calculator formula for what to charge my customer if i know sales tax and Total?X.

Question

Is there a calculator formula for figuring out what to charge the customer($_) if i know SalesTax and Grand Total?

Initial. Sales. Grand

charge($_._ _) + tax (_ _._%) = Total. ($_._ _)

For example working backward if i want the total bill to be $105 and i know salestax is 10.3% then i have to charge X=$_._ _.

What would that equation be besides:

X + 10.3%=105

I guess That was a bad example since i cant charge $95.19499 and I wouldnt wanna cheat my customer or uncle sam by rounding up lol

Anyway any help would save me alot of scratch paper. thnxx

Answer 1

If I understand your question correct, you want to sell an item for let's say $105 TOTAL after tax, so you can simply take the $105 / 1.103 (you're tax rate * 1). The math works out to $95.14. So if you charge your customer $95.14 and then you add your sales tax to that, you arrive at $105!

Hope this helps.

-Dan