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Subtract the sales price from the actual price!
The selling price was 714.15.
The gross sales priceis the price that the customer pays, including sales tax. Thenet sales priceis the price without sales tax.
8.5% of $20,000 is 8.5 x $20,000 / 100 or $1,700, so the total price would be $21,700
To price an item you must calculate the total of production and delivery and find the ROI for the sales of the particular item. From there you will also want to compare competitor pricing of the same product to find a reasonable price for your market.