Sales Tax calculations lesson and help with etsy needed.

concretenprimrosesOctober 19, 2011

Hi, I accidentally posted this on Garden Junk instead of here. It is how to figure out a round number price that includes the sales tax so you don't have to make small change at Craft Fairs. I was frustrated by a discussion on Etsy that had incorrect math in it. Then I couldn't figure out how to post on etsy, lol. Link is below if you are interested.

Kathy

Here is a link that might be useful: My Garden junk post on the topic

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christopherh

It's really quite easy once you get the hang of it.

Let's say you are selling and want to round up to $10. And your state tax is 6%. How much are you charging for your product?

Take out your trusty dusty calculator and do the following.

Type in 10. Then DIVIDE that number by 1.06 and you will get the sales price.

Works every time.

    Bookmark   October 25, 2011 at 7:26AM
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concretenprimroses

Yes, you explained it much more simply,lol.
Kathy

    Bookmark   October 26, 2011 at 8:30AM
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