OB EPC POS Posted June 22, 2018 Share Posted June 22, 2018 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%? Link to comment Share on other sites More sharing options...
Solution Gabbi Posted June 22, 2018 Solution Share Posted June 22, 2018 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...% Link to comment Share on other sites More sharing options...
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