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| *Ostroff, Fair and Company>>>Canada Taxes |
Looking for Fixed Price Formula? |
Hi Guys . i am throwing new year's party and the ticket Price is $50.00. i like to have all the taxes(8%PST,6%GSt,15%Gratuitie... included in this price What formula i should use to come to exactly $50.00. (gratuities are subject to GST as well) Thank you. Bar boy Easy, add the 3 taxes together (29%). Divide 50 by 1.29 equals $38.76. If the gratuity is say 10%, now you would divide 50 by 1.39, gives you 35.97. Anyone from the US invited? Then you have to do currency conversion too! x+(.08x)+(.06x)+(.15x)=$50 x = your per person cost for food, drinks and other things for the party. |
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