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Topic: Confusion on adding percentage of cost to that cost.
Replies: 2   Last Post: Jul 12, 2005 3:27 PM

 Messages: [ Previous | Next ]
 Bob Posts: 8 Registered: 6/17/05
Re: Confusion on adding percentage of cost to that cost.
Posted: Jul 12, 2005 12:10 AM

On Mon, 11 Jul 2005 17:20:04 GMT, "ticbol" <ticbol@yahoo.com> wrote:

>
>Let us analyze your \$10-stuff example.
>
>You said if 5.75%, you just add 5.75 % of \$10, which is \$0.58, to the
>\$10. So you sell the stuff at \$10.58.
>Ok, so sale price is \$10.58.
>Then taxman gets his 5.75% of \$10.58.

No, no, no.

The taxman gets 5.75% of the sell price, \$10.00. 0.58. Sales tax is
not charged on sales tax.

bob

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Date Subject Author
7/12/05 Bob
7/12/05 ticbol