ENG (English)
Tax-rate calculations
To set the tax rate
To perform calculations
SET CALC
TAX
Storing a Tax Rate
1. Set
. The currently stored tax rate is printed
TAX=SET
and displayed.
2. Key in the tax rate. For example, if the tax rate is
7.5%, key in
.
7.5
3. Set
TAX=CALC
. The tax rate you entered is printed
and stored for use in tax calculations.
Note: The tax rate you entered remains stored when the
calculator is turned off, but not if it is unplugged or the
batteries removed.
Calculating Taxes
P Calculates the tax (using the stored tax rate) and
adds it to the pretax sales amount.
Q Calculates the tax (using the stored tax rate) and
subtracts it from the displayed value to find the
pretax sales amount.
Calculating Sales Tax
Calculate the total invoice for a customer who orders
items that cost £189, £47, and £75. The sales tax rate is
6%.
First, store the tax rate.
1. Set
TAX=SET
SET CALC
TAX
2. Key in
3. Set
TAX=CALC
POWER=PRT, ROUND=5/4, DECIMAL=2, TAX=CALC
189 9
2
47 9
75 9
E
P
£18.66 is the tax on £311.00, and £329.66 is the total cost
including tax.
.
6
.
.
is printed.
6.%
189.00
236.00
311.00
311.00
329.66
Combining Taxed and Untaxed Items
What is the total for a £342 item that is taxed and a £196
item that is not taxed? ( Use the currently stored tax rate. )
POWER=PRT, ROUND=5/4, DECIMAL=2, TAX=CALC
2
342 P
9
196 9
189.00 +
E
47.00 +
Subtracting Tax
75.00 +
Today, your business had receipts of £1,069.51. The
311.00 ∗
sales tax rate is 8.25%. What were your total sales?
311.00 ◊
1. Set
.
TAX=SET
6. %
18.66 ◊
2. Key in
8.25
.
329.66 ∗
3. Set
TAX=CALC
POWER=PRT, ROUND=5/4, DECIMAL=2, TAX=CALC
1069.51 Q
2
£81.51 is the tax on total sales of £988.00.
342.
6. %
20.52 ◊
362.52 ∗
362.52
362.52 +
362.52
196.00 +
558.52
558.52 ∗
558.52
.
is printed.
8.25%
1069.51
8.25 %
-81.51 ◊
988.00 ∗
988.00
ENG (English) 4