Question

Can you tell me all the formula needeed in commission and tax​

Answer 1

Step-by-step explanation:

Some important formulas on commission and taxes are:

Commission and taxes formulas:

1. Commission for selling = Selling price commission rate

2. Commission for buying = prime constant commission rate

3. Net selling cost = Prime Cost + commission + Expenses

4. Net purchasing cost = Prime Cost + commission + Expenses

5. Taxable income = Income – Tax free allowances

6. Sales tax = Selling price × Sales tax rate

7. Tax allowances = Income – Taxable income

8. Income = Taxable income + Tax allowances

9. Price inclusive of VAT = Cost of an article +( Vat% × Cost of an article)