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:
Download the Free Template
Enter your name and email in the form below and download the free template now!
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
More Free Templates
For more resources, check out our business templates library to download numerous free Excel modeling, PowerPoint presentations, and Word document templates.