MyExcelOnline
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Excel Pro Tip: Reverse Sales Tax Calculator in Excel | MyExcelOnline
August 20, 2024 - To make a reverse sales tax calculator ... the total prices with tax and the applicable sales tax rates. Use the formula =Total Price/(1+Tax Rate) in a new column to calculate the price before tax for each row....
Statology
statology.org › home › reverse tax calculation in excel (with example)
Reverse Tax Calculation in Excel (With Example)
August 14, 2023 - Suppose we have the following list of products in Excel with prices that already have tax added to them: Suppose we know that the tax rate for each item was 7% and we would like to find the original price of each product before tax was added. We can specify this tax rate in cell F1 and then type the following formula into cell C2 to find the original price of the first product: ... Column C now shows the price of each product before the 7% tax was added to it.
Corporate Finance Institute
corporatefinanceinstitute.com › home › resources › sales tax decalculator
Sales Tax Decalculator - Formula to Get Pre-Tax Price from Total Price
January 12, 2024 - Our sales tax decalculator template can be used to calculate the pre-tax price in Excel when the tax rate and total price are known. The Excel decalculator
Arab Psychology
scales.arabpsychology.com › psychological scales › reverse tax calculation in excel (with example)
Reverse Tax Calculation In Excel (With Example)
November 18, 2025 - You can use the following standard formula to execute the reverse calculation: Price Before Tax = Price After Tax / (1 + Tax Rate) To illustrate the application of this formula, let us consider a common retail scenario.
Wall Street Oasis
wallstreetoasis.com › home › free › learn excel › self study excel › sales tax decalculator
Sales Tax Decalculator - Formula to get Pre-Tax Price from Total Price | Wall Street Oasis
December 13, 2021 - The relevant arithmetic formulas to reverse-calculate the sales tax are · Price before Tax = Total Price with Tax - Sales Tax ... Excel has no dedicated formula for decalculating sales tax, so it is important to know how to use these formulas.
YouTube
youtube.com › watch
How to Calculate Reverse Sales Tax in Excel - YouTube
In this tutorial, we will show you how to calculate a reverse sales tax in Microsoft Excel. If you are not sure what a reverse sales tax is, this is the vide...
Published July 18, 2024
ExcelDemy
exceldemy.com › home › excel for finance › reverse tax calculation formula in excel (apply with easy steps)
Reverse Tax Calculation Formula in Excel (Apply with Easy Steps) - ExcelDemy
June 16, 2024 - Here is a sample dataset to calculate the reverse tax calculation formula. The dataset comprises product names, MRP and Tax rates in cells B4:D9. Calculate the tax amount of each product with this formula: ... Press Enter. Calculate the tax amount of other products as well. You can insert the formula in cells E6:E9 or just drag the bottom right corner of cell E5 up to cell E9. Read More: Formula for Calculating Withholding Tax in Excel
CalculatorSoup
calculatorsoup.com › calculators › financial › sales-tax-calculator-reverse.php
Reverse Sales Tax Calculator
Price before Tax = Total Price with Tax - Sales Tax ... This article provides authoritative insights around Financial topics and calculations, and provides a free Reverse Sales Tax Calculator tool.
Accounting Insights
accountinginsights.org › reverse-tax-calculation-formulas-in-excel-a-comprehensive-guide
Reverse Tax Calculation Formulas in Excel: A Comprehensive Guide - Accounting Insights
July 21, 2024 - To effectively perform reverse tax calculations in Excel, it’s important to start with a clear understanding of the tax rate and the total amount that includes tax. Begin by setting up your Excel sheet with the necessary columns: one for the total amount (tax-inclusive) and another for the tax rate. This foundational setup ensures that all subsequent calculations are organized and easy to follow. Next, use the formula to isolate the pre-tax amount.
Taxfully
taxfully.com › home › calculate reverse sales tax: a simple guide for small business owners
How to Calculate Reverse Sales Tax for Your Small Business
April 26, 2025 - If math isn’t your strong suit, or if you handle a lot of transactions and want to speed things up, you can use a reverse sales tax calculator. These tools are easy to find online, and you simply input the total amount and the sales tax rate. The calculator will automatically break down the pre-tax amount and the tax portion. You can also use a simple spreadsheet formula in Excel or Google Sheets to calculate reverse sales tax for multiple transactions at once.
Reddit
reddit.com › r/excel › reverse inclusive calculator for restaurant sales
r/excel on Reddit: Reverse Inclusive Calculator for Restaurant Sales
July 25, 2024 -
Hello,
I have a question regarding building a calculator and I just can’t wrap my mind around it.
I work for a restaurant and we do inclusive menus. If it were just tax inclusive, it’d be a lot easier to determine, but it’s inclusive of 4 things:
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subtotal (sales)
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admin fee (3% of subtotal)
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tax (8% applied to subtotal and admin)
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gratuity (18% of subtotal)
Admin fee is based off of the subtotal and taxed, and the subtotal is obviously taxed.
Example: $96.72 is subtotal of one menu, admin fee for this is $2.90, tax comes out to $7.97, and gratuity comes out to $17.41 to reach an inclusive price of $125.00.
I want to be able to change my tax rates, pop the number I’m trying to get to into the sheet, and have it tell me what my subtotal needs to be. (We have multiple menus at different prices and maybe different tax rates from different counties and states).
Any help would be much appreciated. I’m just struggling to wrap my head around this.
Thank you!
Top answer 1 of 4
3
Subtotal = TOTAL / (1.21 + 1.03t) where t is the tax rate Example: 96.72 = 125 / (1.21 + 1.03 * 8%) = 125 / (1.2924)
2 of 4
1
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ExtendOffice
extendoffice.com › documents › excel › how to calculate sales tax in excel?
How to calculate sales tax in Excel?
To calculate the amount of sales tax contained within this figure, you must adjust your formula to extract only the tax portion. This scenario is commonly encountered on receipts, in some e-commerce environments, or when dealing with summarized sales data. Knowing how to “reverse-calculate” ...
Excel Forum
excelforum.com › excel-general › 1195344-tax-reverse-calculation-formula.html
Tax reverse calculation formula. [SOLVED]
Your total cost (TC) is calculated from cost (C) by the formula TC=C*118% So C = TC/118% or, for an example formula =B2/1.18 Thanks very much.
MrExcel
mrexcel.com › forums › question forums › excel questions
How to reverse calculate a number with two percentages | MrExcel Message Board
April 17, 2021 - Base rate $1,000 Tax 7% Fuel 26.5% Total from above is $1,353.55 The total is calculated as follows. $1,353.55=(((1000*0.07)+1000)*0.265)+(1000*0.07)+1000 ... Welcome to the MrExcel forum! Your formula can be simplified to the B4 formula, which makes the reverse formula in E2 quite easy:
Quadratic
quadratichq.com › templates › reverse-sales-tax-calculator
Reverse Sales Tax Calculator | Quadratic
This spreadsheet features a powerful reverse sales tax calculator that helps you quickly determine original pre-tax prices from total amounts.
Arab Psychology
scales.arabpsychology.com › stats › how-do-i-calculate-reverse-tax-in-excel-and-can-you-provide-an-example
How Do I Calculate Reverse Tax In Excel, And Can You Provide An Example?
April 8, 2024 - By entering the formula “=120/1.1” in a cell, the result would be $109.09, which is the original price before the sales tax was added. This tool can save time and simplify the process of calculating reverse tax in financial and accounting tasks.
AccurateTax
accuratetax.com › home › sales tax blog › how do i calculate sales tax backwards?
How Do I Calculate Sales Tax Backwards? | AccurateTax
September 25, 2024 - Using this formula, you can determine that the sales tax amount in the final price is $6 and the gross price of the product is $100. Be sure when adding the percentage rate of the sales tax to “1” that you move the decimal point by two to reflect that it is a percentage. To effectively use a reverse ...
FinMasters
finmasters.com › home › sales tax calculator
Sales Tax Calculator & Reverse Sales Tax Calculator | FinMasters
August 1, 2022 - Use our online sales tax calculator to calculate how much sales tax you pay on a transaction. Reverse Sales Tax Calculator included.