Mathematicians: A tax exercise for you

[Benr98 40]

LOL Non...........  FM you are more than welcome! 

Here is the figure for 9.25%  use: 0.91533181

Jenny

[JoeCamaro 11]

Nobody thought it was necessary, now you all want it   

Thanx once again Myron/Jenny & Tykite

[Benr98 40]

Well see Joe you came up with a VERY GOOD idea!!  What a great way to sell products....this way when a shirt is $15.00 customers don't have to worry about tax, cause it's included and you know in an easy way how much is taxes!

Awesome idea!!!

[Benr98 40]

Here is a recap of all percentages given:

Multiply your total by 0.934667  for 7% interest ONLY

Multiply your total by  0.913242 for 9.5% interest ONLY

Multiply your total by 0.932401 for 7.25% interest ONLY

Multiply your total by 0.91533181 for 9.25% interest ONLY

that will give you the total amount minus tax

[JoeCamaro 11]

Well see Joe you came up with a VERY GOOD idea!!  What a great way to sell products....this way when a shirt is $15.00 customers don't have to worry about tax, cause it's included and you know in an easy way how much is taxes!

Awesome idea!!!

Thanx Jenny, I've been thinking about it for a while.

Joe

[Dellrose Custom Lighting 0]

Thanks Jenny. That will make life a lot easier on me when I sell stuff.

[Benr98 40]

Thanks Jenny. That will make life a lot easier on me when I sell stuff.

You're very welcome!

Jenny

[Jay2703 704]

Here is a recap of all percentages given:

Multiply your total by 0.934667  for 7% interest ONLY

Multiply your total by  0.913242 for 9.5% interest ONLY

Multiply your total by 0.932401 for 7.25% interest ONLY

Multiply your total by 0.91533181 for 9.25% interest ONLY

that will give you the total amount minus tax

The math behind it works like this:

1 divided by 1.07 = .9346  (the .07 is 7%)

So for the others

1 divided by 1.07 = .9346 

1 divided by 1.075 = .9324

1 divided by 1.0925 = .9153

1 divided by 1.095 =  .9132

Multiply the results by the price you want to charge