2. Express the Listing Price, without Sales Tax by the Sales Tax Charged Price:
- Formula:
- Sales Tax Charged Price =
- Listing Price, without Sales Tax × (1 + Sales Tax Rate)
- ⇒
- Listing Price, without Sales Tax =
- Sales Tax Charged Price ÷ (1 + Sales Tax Rate)
3. Calculate the Listing Price, without Sales Tax:
Calculation:
Listing Price, without Sales Tax =
75.88 ÷ (1 + 7.5%) =
75.88 ÷ (1 + 7.5/100) =
75.88 ÷ (1 + 7.5 ÷ 100) =
75.88 ÷ (1 + 0.075) =
75.88 ÷ 1.075 ≈
70.586046511628 ≈
(Rounded off to max. 2 decimals)
70.59
4. Calculate the Sales Tax Amount:
- Formula:
- Sales Tax Amount =
- Sales Tax Charged Price - Listing Price, without Sales Tax
Calculation: Sales Tax Amount =
75.88 - 70.586046511628 =
5.293953488372 ≈
(Rounded off to max. 2 decimals)
5.29
Listing Price, without Sales Tax
≈ US $70.59 Dollars (USD)
Sales Tax Amount
≈ US $5.29 Dollars (USD)
Signs: % percent, ÷ divide, × multiply, = equal, / fraction bar, ≈ approximately equal. Writing numbers: comma ',' as thousands separator; point '.' as a decimal mark.
More Operations of Reverse Calculating the Listing Price, without Sales Tax (Tax Excluding):