Calculate Sales Tax and Total Cost

[Lisa_Altizer]

Hello I have a column for my item cost and a column with the sales tax I paid. I want to create a formula in the third column that calculates my cost x sales tax percentage and then add the answer to the cost to get total cost. I did Cost * {Tax %} and get an error.

[Ptt_Pch]

Did you get an #Error as result of your formula ? Was the result erroneous (not the right result) or the formula did simply not work and you couldn’t save your formula field?

I’m simply asking because there is a bug in calculations with a percent

Multiplying by percent column yields result that is 100 times too big [SOLVED] Product Suggestions

Multiplying by a percent column acts as if the percent were in fact an integer. So 100 * 50% yields 5000 in a formula column rather than the correct result of 50.

[Lisa_Altizer]

Yes I get an error. my goal is to get the total cost with the sales tax.

[Ptt_Pch]

I quickly tried this formula :

Cost+Cost/100*{Tax %}

Which gave something looking like this :

Was this what you were looking for ?
(The Cost*Tax% field was just there to verify the math :winking_face: )
The Total Cost is formatted as “Currency”. The Cost is /100 To go around the bug with calculations with percentage.

[Mignon_Murphy1]

Ptt_Pch:

(The Cost*Tax%

Thank you very much this solved my problem

[Greg_Noonan]

Would it be possible to make the percentage vary based on the item belonging to a certain category?

[lidericq]

I made a check stub for this.

[lidericq]

Before, I used to do all this work in Excel, but over time, I realized that it is a waste of time and that there are very good alternatives. I already don’t even remember what formulas I use, and that’s why, unfortunately, I can’t help you with this. But instead, I recommend you make a pay stub. All the fees and taxes you pay on an online pay stub will also be calculated there. It is very simple. All you need is a pay stub generator, and within 2 minutes, your pay stub is ready. I recommend you to try it.