Forums / Currencies & Sales Taxes, VAT, GST, etc. / Gross Price = Net Price

Gross Price = Net Price

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Started by anqus11 on 5 Dec 2010, 4:58 AM · Views: 1,648

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5 Dec 2010, 4:58 AM
#1
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anqus11

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Gross Price = Net Price

Dear all,

When I add a new product, I put the net price is $100, then the gross is $100. Even i set up the tax rate is 10% Anyone get hint how to solve it out thx?

5 Dec 2010, 12:44 PM
#2
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frank18

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Re: Gross Price = Net Price

anqus11:

Dear all,

When I add a new product, I put the net price is $100, then the gross is $100. Even i set up the tax rate is 10% Anyone get hint how to solve it out thx?

Try and enter your gross price (incl tax) first as say $110. If your taxes are set up correctly your net price should automatically display $100 (based on 10% tax)

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