What does this Calculator do?
This is a very useful Calculator or tool, to help retailers and store owners set the price of their goods.
Very often, it is easer and more user friendly selling a product when it is priced as a Round figure.
But this is easier said than done. Why?
The main reason is GST.
An example
Let’s take a real example:
If your item cost you 3500, adding a 25% profit, and then adding 5% gst gives you a Selling price of Rs 4593.75.
But, It would be better to set a Markup Retail Printed of 4600.
This creates another problem. Now, You will need to calculate the Sale Price on which a 5% GST added comes to 4600.
The Solution
This Calculator solves this problem by allowing you to enter a Final Printed Retail price , or Markup price, and Calculate the Sale Price and corresponding GST.
In this case the Sale price before GST is calculated as 4380.95, on which a 5% gst of 219.05 brings the total Final price to 4600.
Not only that, it also calculates you Profit, both as amount and as various percentages, based on the Markup Price.