# Commission and taxes formulas

Commission and Taxes are amount paid to certain organization or state for their help in your financial transactions or business.

Some important **formulas** on **commission and taxes** are:

**Commission and taxes formulas**:

1. Commission for selling = Selling price commission rate

2. Commission for buying = prime constant commission rate

3. Net selling cost = Prime Cost + commission + Expenses

4. Net purchasing cost = Prime Cost + commission + Expenses

5. Taxable income = Income – Tax free allowances

6. Sales tax = Selling price × Sales tax rate

7. Tax allowances = Income – Taxable income

8. Income = Taxable income + Tax allowances

9. Price inclusive of VAT = Cost of an article +( Vat% × Cost of an article)

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