Sales Tax Decalculator Template
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:
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Sales Tax Decalculator
Download the free Excel template now to advance your finance knowledge!
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
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Additional Resources
CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or looking for a career change, the CFI website has many free resources to help you jumpstart your Career in Finance. If you are seeking to improve your technical skills, check out some of our most popular courses. Below are some additional resources for you to further explore:
The Financial Modeling Certification
Analyst Certification FMVA® Program
CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or looking for a career change, the CFI website has many free resources to help you jumpstart your Career in Finance. If you are seeking to improve your technical skills, check out some of our most popular courses. Below are some additional resources for you to further explore:
The Financial Modeling Certification
Below is a break down of subject weightings in the FMVA® financial analyst program. As you can see there is a heavy focus on financial modeling, finance, Excel, business valuation, budgeting/forecasting, PowerPoint presentations, accounting and business strategy.
A well rounded financial analyst possesses all of the above skills!
Additional Questions & Answers
CFI is the global institution behind the financial modeling and valuation analyst FMVA® Designation. CFI is on a mission to enable anyone to be a great financial analyst and have a great career path. In order to help you advance your career, CFI has compiled many resources to assist you along the path.
In order to become a great financial analyst, here are some more questions and answers for you to discover:
- What is Financial Modeling?
- How Do You Build a DCF Model?
- What is Sensitivity Analysis?
- How Do You Value a Business?
Excel Tutorial
CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or looking for a career change, the CFI website has many free resources to help you jumpstart your Career in Finance. If you are seeking to improve your technical skills, check out some of our most popular courses. Below are some additional resources for you to further explore:
The Financial Modeling Certification
to take your career to the next level and move up the ladder!
