UrbanPro

Take BCom Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

How do I calculate the amount of sales tax that is included in total receipts?

Asked by Last Modified  

Follow 0
Answer

Please enter your answer

Transforming academic dreams into reality with 100 % success rate.since the past 30 years.

Very simple. For example , if you sell a product for Rs100 and the sales tax on it is 10% , so the totoal billing is Rs110 . So you receive Rs100 as total receipt . Now 9% of the total receipt is your tax amount . So it is always 1% less than the tax amount . Hope it answers your question.
Comments

CA-Inter Cleared (Accounting Technician Executive)

Go for Cross Muliplication
Comments

Sales tax = (amount received * Rate of tax)/(100 + rate of tax). Eg. If total receipt is INR 110 and tax rate is 10% then Sales tax will be 110*10/110= , 10 I. e. Sale value =110-10 =100 And Tax = 10
Comments

Amount (included sales tax) * sales tax rate / 100+ sales tax rate
Comments

Best tutor for Business and Tax

Its very simple, Just apply this formula sales tax=Amount of Receipt*tax rate/(100+tax rate)
Comments

View 3 more Answers

Related Questions

I had studied mba finance from a normal college so will I get job in worldwide if I learn german language
Yes, getting job will not be a problem, there are very few companies who will ask for branded names, you should keep applying. Remember to have command on soft skills, mannerism and communication skills,...
Mubarak
Is a BCom (Honours) and an MBA a better combination than CA?
Sainath, It all depends on career path you want to choose. Professional degree can not be compared with PG degree course. Not comparable.
Sainath
0 0
7
What about a good computerized language which I can learn soon?
if you are a beginner then you can start with java because it is in high demand, but you should practice the programs from class 11 and 12 isc books because there are lots of programs to implement, after...
Sabat

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Types of Financing
Bridge Financing: Bridge finance refers to loans taken by a company normally from commercial banks for a short period because of pending disbursement of loans sanctioned by financial institutions. The...


Banking Ombudsman Scheme 2006
Banking Ombudsmen Scheme Banking Ombudsman is a quasi judicial authority functioning under India’s Banking Ombudsman Scheme 2006, and the authority was created pursuant to a decision made by the...
M

M. Mallick

1 0
1

Statistics
Measures of Central Tendency: There are three measures of central tendency that are: Mean: It is used to represent the average of the data. Median: It is used to represent the middle value. Mode:...

The Indian Contract Act, 1872.
Nature Of Contract: Indian Contract Act, 1872 came into effect on 1st September 1872. It extends to the whole of India except the states of Jammu and Kashmir. The law of contract is that branch of law...

Recommended Articles

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

Read full article >

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

Quality education does not only help children to get a successful career and life, but it also hugely contributes to society. The formal education of every child starts from school. Although there are numerous schools, parents find it challenging to choose the right one that would fit their child. It is difficult for them...

Read full article >

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for BCom Tuition Classes?

The best tutors for BCom Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take BCom Tuition with the Best Tutors

The best Tutors for BCom Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more