How do you calculate net price on MRP based?
Answers were Sorted based on User's Feedback
Answer / ansari n.a.
suppose company's MRP is Rs. 265 per bag and company's
billing is Rs.245 per bag FOR. This billing price is
included excise duty and VAT, freight,Service Tax, and
discount then how we know to find out what is the basic
price for calculating the excise.
| Is This Answer Correct ? | 38 Yes | 4 No |
Answer / sarayu
It will be better if you ask your question more detailed.
| Is This Answer Correct ? | 22 Yes | 6 No |
Answer / raj
Let us consider,
MRP Price including Tax - $x
Fright $f
Margin $m
Price after fright and margin= ${x-(f+m)}
Now tax 18%
so, tax $= {x-(f+m)}*0.18
so, Base Price($) ={x-(f+m)} - [ {x-(f+m)}*0.18]
Sale Tax 12.5% = {x-(f+m)}*0.125
Net Price ($) ={x-(f+m)} - [ {x-(f+m)}*0.18]+[{x-(f+m)}*0.125]
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / narender beriwal
invoice price= 450
DD = 06
CD = 02
NET INVOICE PRICE= 442
VAT(ACC TO STATE)
STOCKIST MARGIN= DEFINE
VAT ON ALL MARGIN
THIS IS MRP
THEN TRADE SCHEME
% DISCOUNT
AFTER THAT ED. PMC+RMC, TMC, NFG
LAST CONTRIBUTION PER BAG
| Is This Answer Correct ? | 3 Yes | 6 No |
Answer / durga
Hi meenu,
AS per your question
IF calculating net price on MRP (Maximum retail price)if my
understanding is correct then the possible solution will be like
in condition types u need to maintain copy of pr00 and name
it as Zmrp (as it is the price on the final product where
final conusmer pays to the retailer)
and do also maintain pr00 which you offering to dealer price
but one thing important to notice is if you are maintaining
excise ..excise dept given a provision Called abatment 31.3%
it has to be deducted on the Zmrp price(which end consumer
pays to retailer)
and you need to apply all excises on zmrp(condition type)
And finally total value of excises that you got on applying
on Zmrp (condition type)
so finally add that total excise value to the Pr00 value
and
the base value= pr00 + (value of excises that apply on Zmrp)
So finally comming to sales tax apply on the above base
value you your solution will solve
Any Suggestions are always welcome... (vdp81@yahoo.com)
Cheers.....
| Is This Answer Correct ? | 5 Yes | 9 No |
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