Enter the price of the item(s), tax rate, and any additional fees or charges into the calculator to determine the total amount due.

## Point Of Sale Formula

The following formula is used to calculate the total amount due in a Point Of Sale (POS) system.

T = P + (P * T) + F

Variables:

• T is the total amount due ($) P is the price of the item(s) purchased ($) T is the tax rate (decimal) F is any additional fees or charges ($) To calculate the total amount due, multiply the price of the item(s) purchased by the tax rate and add this to the original price. Then, add any additional fees or charges. ## How to Calculate Point Of Sale? The following steps outline how to calculate the total amount due for a Point Of Sale using the formula T = P + (P * T) + F. 1. First, determine the price of the item(s) purchased ($).
2. Next, determine the tax rate (decimal).
3. Next, determine any additional fees or charges ($). 4. Next, insert the values into the formula T = P + (P * T) + F. 5. Finally, calculate the total amount due (T). 6. After inserting the variables and calculating the result, check your answer with the calculator above. Example Problem: Use the following variables as an example problem to test your knowledge. price of the item(s) purchased ($) = 50

tax rate (decimal) = 0.08

any additional fees or charges (\$) = 5