Sales Tax and Markup Calculator

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How to use this Tool?

1. What is Sales Tax?

Sales tax is a tax paid to the government of the locality in which the business is operating for the sales of goods and services.

2. What is Markup Price?

Markup price in this context refers to the final price after including the tax. This is the final price to be paid by the buyer of the goods and services.

3. How to calculate Sales Tax and Markup price using this tool?

This is a simple and free tool to calculate Sales Tax and Markup price for your business needs. Follow these steps to calculate the same:

• Enter Price Before Tax. This is usually the price at which you are selling. This also includes your profit margin.
• Enter the Sales Tax rate in percentage. The sales tax rate may differ based on the type of products & services you are selling and may differ from region to region.
• Click on the Calculate button to proceed
• Your Sales Tax in value and the Price after including sales tax shall be displayed instantly

4. What do I infer from the values generated here?

• Sales tax refers to the amount you need to pay to the government after the making the sale.
• Price after tax refers to the price point at which you need to sell so that you generate enough margin after deducting your base selling price (without tax), so that you can pay the sales tax to the government. Usually the sales tax is borne by the buyer.

5. Facing any Issue using the tool?

Contact us for any issues/feedback/suggestions.