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#1
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How do I figure out a pre-tax amount when I know the final total?
I am trying to figure out a formula to figure out the pre-tax amount. I have
a final total and know the tax percent. How do I use these to figure out the price before tax is added? |
#2
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How do I figure out a pre-tax amount when I know the final total?
If you have: A times (1-B) equals C where A is gross, B is tax rate (say 30%) and C is net (say $70) then it follows that: A = C/(1-B) or A = 70/(1-0.30) A=100 Does this help you with your problem? Richard -- RichardSchollar ------------------------------------------------------------------------ RichardSchollar's Profile: http://www.excelforum.com/member.php...o&userid=34698 View this thread: http://www.excelforum.com/showthread...hreadid=546206 |
#3
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How do I figure out a pre-tax amount when I know the final total?
one way
A1= gross amount B1 = tax percentage net amount = =A1/(100+B1)*100 use general formats i.e.tax percentage = 12 -- Greetings from New Zealand Bill K "amk005" wrote in message ... I am trying to figure out a formula to figure out the pre-tax amount. I have a final total and know the tax percent. How do I use these to figure out the price before tax is added? |
#4
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How do I figure out a pre-tax amount when I know the final total?
Tax rate in B1 and gross amount in A1
=A1/(1+B1) -- Regards, Peo Sjoblom Excel 95 - Excel 2007 Northwest Excel Solutions www.nwexcelsolutions.com "It is a good thing to follow the first law of holes; if you are in one stop digging." Lord Healey "amk005" wrote in message ... I am trying to figure out a formula to figure out the pre-tax amount. I have a final total and know the tax percent. How do I use these to figure out the price before tax is added? |
#5
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How do I figure out a pre-tax amount when I know the final total?
Thank you Richard and Bill! You both posted the same formula, which is
exactly what I needed! Thanks again. "amk005" wrote: I am trying to figure out a formula to figure out the pre-tax amount. I have a final total and know the tax percent. How do I use these to figure out the price before tax is added? |
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