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  • 11-04-2017
  • Mathematics
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How is the total price including sales tax calculated

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Аноним Аноним
  • 11-04-2017
To calculate the sales tax that is included in a company's receipts from items subject to sales tax, divide the receipts by 1 + the sales tax rate. For example, if the sales tax rate is 6%, divide the total amount of receipts by 1.06. If the sales tax rate is 7.25%, divide the total receipts by 1.0725.
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