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Why does the tax rate calculate differently when I pull the "sales by item report"?

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Good Morning,

Our set tax rate is 6.5% for all our items. However, when we pull the "sales by item report" and calculate the tax rate it fluctuates.

Example: 2 items bought = $1.90 (Gross Sales) Tax = $0.12, Total = $2.02

When we calculate the tax rate for the sale it reflects a lower tax rate.

Example: $0.12 (Taxes on sale) / $1.90 (Gross Sales) = 6.316% 

Why are we not ending up with a 6.5%?

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  • Solution

Hello! I think it is like this because 1.9* 6.5%=0.1235 but system rounds it and write only 0.12. Then when it calculates back you got different number: 0.12/1.9*100%=6.31578...%

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