price with tax = an even number

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mwade123
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price with tax = an even number

Post by mwade123 »

Does anyone have a spread sheet or something that shows how much something is then when you add tax it equals an even number.

like

----------- $9.44 +
06% tax . $.56 =
----------- $10
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kb3gun
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Re: price with tax = an even number

Post by kb3gun »

It's not perfect, but for 6% sales tax, I take the whole number (price you want to sell it for) and mult by 0.9435. This gives me my price before tax.

Examples:
$25 x .9435 = $23.5875 x 1.06 = $25.00275
$10 x .9435 = $9.435 x 1.06 = $10.0011
$50 x .9435 = 47.175 x 1.06 = $50.0055

Get's me within a few cents (rounding).
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FiveORacing
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Re: price with tax = an even number

Post by FiveORacing »

Divide the final (wanted) price by 1.06


5.00 divided by 1.06 = 4.72
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Re: price with tax = an even number

Post by jmsrbrt »

mwade123 wrote:Does anyone have a spread sheet or something that shows how much something is then when you add tax it equals an even number.

like

----------- $9.44 +
06% tax . $.56 =
----------- $10
Were you wanting to add tax to your price and come up with a number rounded up to the nearest dollar? If you use Excel, you can have the value of A times B equals C, where the value in C has a formula to round up to whole numbers. Is that what you're looking for? Bob.
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JJsCustomDesigns
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Re: price with tax = an even number

Post by JJsCustomDesigns »

I picked up an app for my phone (droid) that does this for me. I put in the desired amount and it figures it out. 8-)
"There are bigger things planned for you in your life, be patient"

Im on the prowl for a good used Hypertherm Plasma with hand torch.
PM me with details
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Re: price with tax = an even number

Post by jmsrbrt »

jmsrbrt wrote:
mwade123 wrote:Does anyone have a spread sheet or something that shows how much something is then when you add tax it equals an even number.

like

----------- $9.44 +
06% tax . $.56 =
----------- $10
Were you wanting to add tax to your price and come up with a number rounded up to the nearest dollar? If you use Excel, you can have the value of A times B equals C, where the value in C has a formula to round up to whole numbers. Is that what you're looking for? Bob.
In Excel, place value 2.25 in A1, and 0.76 in A2. In A3 enter formula =ROUNDUP((+A1+A2),0)
The value in A3 will be A1 plus A2, rounded up to zero decimal places, example 4.00, not 3.01.
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Re: price with tax = an even number

Post by kbenz »

JJsCustomDesigns wrote:I picked up an app for my phone (droid) that does this for me. I put in the desired amount and it figures it out. 8-)
what would that app be called?
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mwade123
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Re: price with tax = an even number

Post by mwade123 »

kbenz wrote:
JJsCustomDesigns wrote:I picked up an app for my phone (droid) that does this for me. I put in the desired amount and it figures it out. 8-)
what would that app be called?


THANK YOU EVERY ONE AND I WOULD ALSO LIKE TO KNOW THE NAME OF THE APP.
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Re: price with tax = an even number

Post by AnotherDano »

Why fret about calculating taxes per item?

Add it to your asking price, round that up to the nearest even-number and put a 'tax included' sign somewhere noticeable.
Total your sales and figure the amount of the total taxes due for the day/event/tax period.

Just be sure to stash that amount away in a special account for tax day.
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JJsCustomDesigns
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Re: price with tax = an even number

Post by JJsCustomDesigns »

its called Sales Tax Calculator Free. When you use it. Type in your desired amount and hit the button labled -TAX.
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Im on the prowl for a good used Hypertherm Plasma with hand torch.
PM me with details
Thanks
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Re: price with tax = an even number

Post by steelfx »

JJsCustomDesigns wrote:its called Sales Tax Calculator Free. When you use it. Type in your desired amount and hit the button labled -TAX.
Check out %GP and %Margin Calculator app, too. It's pretty cool. And, thanks for the Tax Calculator app!

Bill
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