# Sales Tax Calculator

**Enter all**** values to calculate:**

##### More Calculators:

- Future Value (FV) Calculator
- Present Value Calculator
- Compound Interest Calculator
- Simple Interest Calculator
- Loan / EMI Calculator
- Debt to Income Ratio (DTI) Calculator
- Rule of 72 Calculator
- Recurring Deposit (RD) Calculator
- Fixed Deposit (FD) Calculator
- Stock Calculator
- Rental Yield Calculator
- Return On Investment (ROI) Calculator
- VAT Calculator
- Sales Tax Calculator
- GST Calculator
- Discount Calculator
- Cash Ratio Calculator
- Margin Calculator
- PPF Calculator
- Markup Calculator

## Sales Tax Formula:

Sales tax = Selling price – Printed price

Selling Price = **P(1 + ****r/100)**

Here,

**P =** Printed price ( Price without sales tax )

**R =** Rate of tax (%)

## Price Including Sales Tax:

Example : A Bike is for sale at **$ 17600** inclusive of sales tax at the rate of **10%.**

Selling Price = P(1 + r/100)

17600 = P(1 + 10/100)

17600 = P(11/100)

Therefore, P = 17,600 × (10/11)

P = 16000

Now,

Sales tax = Selling price – Printed price

Sales tax = 17600 – 16000

Sales tax = $1600

The sales tax on the bike is **$1600**.

## Price Excluding Sales Tax:

Example : Printed price of a Bike is **$ 17600** Exclusive of sales tax at the rate of **10%**.

Selling Price = P(1 + r/100)

Selling Price = 17600 (1 + 10/100)

Selling Price = 17600 (1.1)

Selling Price = $ 19360

Sales tax = Selling price – Printed price

Sales tax = $ 19360 – $ 17600

Sales tax = $ 1760

The sales tax on the bike is **$1700**.