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How do you calculate a 7 percent sales tax?
Take your order price times .007. That's the sales tax for that order. but take tax before shipping cost.
What if the total cost is 167.44 and the cost before the sales tax is 166.25. What is the sales tax percentage?
Calculate the difference: 167.44 - 166.25 = 1.19. Divide this difference by the cost before the sales tax: 1.19 / 166.25 = about 0.007 or 0.7%.
What is mathmatic formula for food cost calculation?
Cost Of Food __________ Food Sales Cost of Food Divided by Food sales will give you a decimal amount which you can then convert to a percentage. example: $25,780 Cost of Food Divided by $64,575 Food Sales= .399225 or 39.9% then rounded to 40%
If a game cost 19.98 ans sales tax is 0.08 what is the cost of the sales tax for the game?
$19.98 + 8% tax ( $1.5984 ) = $21.5784
The purchase price of a book is 35.85 The sales tax rate is 6.5 percent How much is the sales tax to the nearest cent What is the total cost of the book?
Sales tax is $2.33 ; total cost is 38.18
What is meant by the phrase sales order processing?
Sales Order Processing means a document that has the power to authorize sales of a specific item which is issued after a customer purchases an order and receives a receipt. This usually implies that there will be no additional material cost or labor cost for the sale.
Is cost of sales or turnover the same as net sales?
Cost of sales is the expenses to earn sales so cost of sales and net sales are not same, formula for gross profit is as follows: Gross profit = Sales - Cost of sales
How do you calculate a 7 percent sales tax?
Take your order price times .007. That's the sales tax for that order. but take tax before shipping cost.
Is sales commission an expense or cost of sales?
Sales commission is a Cost of sales. But the salary of a sales agent is an expense.
What is the difference between cost of sales and sales?
Sales is the revenue of company while cost of sales is the cost of goods which are used to manufacture the units of products for sales purpose
What is a direct cost of sales?
Direct cost of sales is that cost which directly identifiable with sales like purchases etc.
How do you know percentage of food cost against sales?
If you know the food cost against sales, it is 100*(food cost)/sales. If you do not know food cost or sales, you cannot know the answer.
What is the difference between direct cost of sales and total cost of sales?
total cost of sales may include indirect cost as well while direct cost of sales only included direct costs.
What is considered appropriate sales reporting?
In order to conduct appropriate sales reporting, one must keep track of operations in the sales department and sales made. Some of the data that should be collected are sales volume, accounts contacted, and cost of sales promotion.
What is the effcect of cost of sales on gross profit?
Cost of sales influances the gross profit to decrease or increase as following formula: Gross profit = Sales - Cost of sales
How do you calculate sales revenue knowing margin and cost of goods?
IF cost of goods is available and margin is also provided then sales can be calculated as follows: Sales = Cost of goods / margin of sales
How can you create a spreadsheet using sales invoice template?
how you can create a spreadsheet using sales invoice template
