Cost =

Markup =

Price =

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.

Cost

Markup

Price

VAT Rate

Sale Price

VAT Amount

Alternative Sale Price

Excluding VAT

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