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How do you calculate net price on MRP based?
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Answer Posted / 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]
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