VAT Rate = 14
Sale Price =
VAT Amount =
Alternative Sale Price =
Excluding VAT =
Includes VAT tax in markup calculations.
Description by Chris Kilian, template developer:
"We retail various products at different margin's. So we start with a Cost Price. We decide on the margin % - then we calc the sell price(excl VAT). VAT needs to be added (need the VAT %, which for us is currently 14%) = Sell (incl). Invariably this gives a number with random 'cents' in it - this complicates giving change. So we take the calc sell (incl) and "round" it to nearest suitable number.
Once we have decided the final "selling" price [ rounded] - we need to calculate the price (excl VAT). This is the figure we enter into most of the software packages at Till Points."
Contributed by Chris Kilian.
Alternative Sale Price