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An article costs $13.80 (excluding tax it costs $12.00). What percentage is applied?
Could you give me the formula to calculate the percentage applied on an item if you have both the import including and excluding taxes?
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- 1 decade agoFavorite Answer
First you calculate how much was added:
13.80 - 12.00 = 1.80
Then you find what percentage of the initial figure that was:
1.80/12.00*100 = 15%
Or if you want it as a single formula it's:
(13.80 - 12.00)/12.00*100
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