Gross Sales Calculator

Formula

The formula to calculate the Gross Sales is:

\[ GS = \frac{NS}{1 - \frac{TR}{100}} \]

Where:

$GS$ is the gross sales in dollars
$NS$ is the net sales in dollars
$TR$ is the tax rate in percentage

What is Gross Sales?

Gross Sales (GS) refers to the total sales revenue generated by a business before any deductions such as taxes, discounts, or returns. It is an important metric for understanding the overall sales performance of a business.

Example Calculation 1

Let's assume the following values:

Net Sales (NS) = $800
Tax Rate (TR) = 10%

Using the formula:

\[ GS = \frac{800}{1 - \frac{10}{100}} = \frac{800}{0.9} = 888.89 \text{ dollars} \]

The Gross Sales is $888.89.

Example Calculation 2

Let's assume the following values:

Net Sales (NS) = $1500
Tax Rate (TR) = 5%

Using the formula:

\[ GS = \frac{1500}{1 - \frac{5}{100}} = \frac{1500}{0.95} = 1578.95 \text{ dollars} \]

The Gross Sales is $1578.95.