There are two equivalent way.
Suppose the item costs C units (of whatever currency),
and suppose the tax rate is R %.
You calculate the total tax = C*R/100 currency units
so total costs = C + C*R/100
Alternatively, you calculate the tax multiplier, = (1 + R/100)
and then the total cost is C*(1 + R/100).
It is simple to show the two arrive at the same answer.
Chat with our AI personalities
The price is 19.99 its a good item
It means what is the total of the cost.
10.95
In general accounting practice, transportation (shipping) costs are allocated to specific items in a multi-item order by the relative cost of each item. Example: A 2-item order totals $100 (say, $60 for one item and $40 for the other), and the shipping cost is $10. The shipping cost for the $60 item is $60/$100*$10 = $6, and the shipping cost for the $40 item is $4.
A total gym 1700 is a pretty expensive item. A total gym 1700 will cost you anywhere from 300 dollars to as high as 500 dollars depending on where you are buying.