Tax calculation
I discovered a bug and the developer desent seems to get it.
I set the Tax to 8% but the app is calculating something about 7.408.
To make it easy, my Tax is set to 8%
When i sel something for 100$(tax included) it shows 7.408$
of taxes.
For me and every person and calculator that i know 8% of 100 is 8.
But for the developer and his app 8% of 100 is 7.408:
"The calculation is not wrong.
Item price 100 which including tax. So the item price without tax will be 100/(1+0.08)=92.592"
For me its the wron way to calculate percentage (100/(1+0.08))
Can someone check that?
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Joe M commented
I just saw this. The developer here is correct. If you sell something for $100 Tax included of 8% the tax is $7.40. Calculation is $100/1.08 = $92.592. Therefore tax is $7.408
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Alessio Di Caudo commented
Can be deleted. Issue solved
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Gary Ye commented
If you use tax included pricing, then it's correct for a item after tax total at $100. You should use without tax included if you want the price of item to be $100 plus tax of 8% which will be $108 total, after tax.
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AdminDeveloper (Developer, W&O POS) commented
I want more users comments on the tax calculation.