Enter the net sales ($) and the tax rate (%) into the Gross Sales Calculator. The calculator will evaluate and display the Gross Sales.
Gross Sales Formula
The following formula is used to calculate the Gross Sales.
GS = NS/(1-TR/100)
- Where GS is the Gross Sales ($)
- NS is the net sales ($)
- TR is the tax rate (%)
How to Calculate Gross Sales?
The following example problems outline how to calculate Gross Sales.
Example Problem #1:
- First, determine the net sales ($).
- The net sales ($) is given as: 50.
- Next, determine the tax rate (%).
- The tax rate (%) is provided as: 3.
- Finally, calculate the Gross Sales using the equation above:
GS = NS/(1-TR/100)
The values given above are inserted into the equation below:
GS = 50/(1-3/100) = 51.54 ($)
Example Problem #2:
For this problem, the variables needed are provided below:
net sales ($) = 100
tax rate (%) = 20
This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.
GS = NS/(1-TR/100) = ?
