Sales Tax Decalculator Template

Written by CFI Team

Read Time 1 minutes

Over 2 million + professionals use CFI to learn accounting, financial analysis, modeling and more. Unlock the essentials of corporate finance with our free resources and get an exclusive sneak peek at the first module of each course. Start Free

Sales Tax Decalculator Template

This sales tax decalculator template will help you calculate the pre-tax price of a good or service when the total price and tax rate are known.

This is what the sales tax decalculator looks like:

Sales Tax Decalculator Screenshot

Download CFI’s Free Sales Tax Decalculator Template

Complete the form below to download our free Sales Tax Decalculator template!

* By submitting your email address, you consent to receive email messages (including discounts and newsletters) regarding Corporate Finance Institute and its products and services and other matters (including the products and services of Corporate Finance Institute's affiliates and other organizations). You may withdraw your consent at any time.

This request for consent is made by Corporate Finance Institute, #1392 - 1771 Robson Street, Vancouver, BC V6G 3B7, Canada. www.corporatefinanceinstitute.com. [email protected]. Please click here to view CFI`s privacy policy.

Pre-tax Price Formula

Here is the formula for de-calculating the tax, or determining the pre-tax price of the good/service.

Pre-Tax Price = TP – [(TP / (1 + r) x r]

Where:

TP = Total Price

r = Tax rate

How the Decalculator Works

The Excel decalculator works by using a formula that takes the following steps:

Step 1: take the total price and divide it by one plus the tax rate

Step 2: multiply the result from step one by the tax rate to get the dollars of tax

Step 3: subtract the dollars of tax from step 2 from the total price

More Free Templates

For more resources, check out our business templates library to download numerous free Excel modeling, PowerPoint presentations, and Word document templates.