KlickTrack has a compliance blocker to prevent shops from selling items below cost plus tax in states where products are not allowed to be sold below this threshold.
To calculate cost plus tax, below is a quick reference guide!
Formula: (Cost x tax rate) + Cost = Lowest complaint retail price
Cost: $14.98
Total Tax: 37% + 9% = 46%
Calculation: ($14.98 x 0.46) + $14.98 = $21.87
With the total tax rate of 46% for an item that costs $14.98, the lowest price allowed to the consumer is $21.87.
For additional questions about calculating cost + tax, or the compliance blocker at the register, please contact [email protected]