Item Price Recipe
Make Item Price Recipe in just 20m. Get the full recipe with step-by-step instructions at pekinthechef.com.
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Ingredients
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Ingredients
Method
Directions
- 1
Calculate Item Price
To determine the final price of an item, follow the steps below.
- 2
Start with the base price of the item. For this example, the base price is $10.
- 3
Calculate the tax by multiplying the base price by the tax rate. In this case, multiply $10 by 0.07.
- 4
Add the calculated tax to the base price to get the price before discount.
- 5
Next, calculate the discount by multiplying the price before discount by the discount rate. For example, multiply the preliminary price (base price + tax) by 0.1.
- 6
Subtract the discount from the price before discount to get the final price of the item.