Price Taxation
Updated at 2015-04-01 06:14
This snippet contains terms and formulas for tax calculations e.g. VAT.
Gross price (fi. bruttohinta) is price after tax:
gross price = net price * ((100 + tax percent) / 100)
9.6968 = 7.82 * ((100 + 24.0 ) / 100)
9.6968 = 7.82 * 1.24
Net price (fi. nettohinta) is price before tax:
net price = gross price / ((100 + tax percent) / 100)
7.82 = 9.6968 / ((100 + 24.0 ) / 100)
7.82 = 9.6968 / 1.24