Net Price Calculator

✖Cost of Product refers to the amount incurred by the manufacturer or seller to produce or procure the product.ⓘ Cost of Product [CP]			+10% -10%
✖Gst Amount refers to the sum of money that represents the goods and services tax imposed on a particular product or service.ⓘ Gst Amount [GT]			+10% -10%

✖Net Price refers to the price of a good or service excluding the GST component.ⓘ Net Price [NP]

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Formula

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Net Price

Formula

`"NP" = "CP"+"GT"`

Example

`"2040"="2000"+"40"`

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Net Price Solution

STEP 0: Pre-Calculation Summary

Formula Used

Net Price = Cost of Product+Gst Amount
NP = CP+GT
This formula uses 3 Variables

Variables Used

Net Price - Net Price refers to the price of a good or service excluding the GST component.
Cost of Product - Cost of Product refers to the amount incurred by the manufacturer or seller to produce or procure the product.
Gst Amount - Gst Amount refers to the sum of money that represents the goods and services tax imposed on a particular product or service.

STEP 1: Convert Input(s) to Base Unit

Cost of Product: 2000 --> No Conversion Required
Gst Amount: 40 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

NP = CP+GT --> 2000+40

Evaluating ... ...

NP = 2040

STEP 3: Convert Result to Output's Unit

2040 --> No Conversion Required

FINAL ANSWER

2040 <-- Net Price

(Calculation completed in 00.004 seconds)

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Credits

Created by Aashna

IGNOU (IGNOU), India

Aashna has created this Calculator and 100+ more calculators!

Verified by Surjojoti Som

Rashtreeya Vidyalaya College of Engineering (RVCE), Bangalore

Surjojoti Som has verified this Calculator and 10+ more calculators!

< 14 Tax Calculators

Taxable Income for Corporation

Go Taxable Income for Corporation = Gross Sales-Cost of Goods Sold-Operating Expense-ceil(Interest Expense)-Tax Deduction

Maximum Refund Amount

Go Maximum Refund Amount = (Turnover of Inverted Rate Supply*Net Itc/Adjusted Total Turnover)-Tax Payable on Inverted Rate Supply of Gst

Total Eligible Credit

Go Total Eligible Credit = Total Itc-(Itc for Personal Expenses+Itc for Exempted Supplies+Non Eligible Itc)

Taxable Income for Individual

Go Taxable Income for Individual = Gross Total Income-ceil(Total Exemptions)-Total Deductions

GST Excluding Amount

Go Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100)

Partly Exempted

Go Partly Exempted = (Exempted Turnover/Total Turnover)*Common Credit

Retail Price

Go Retail Price = round(Price/(1+Percent),2)

Goods and Service Tax

Go Goods and Service Tax = Taxable Amount*Goods and Service Tax Rate

Common Credit

Go Common Credit = Total Eligible Credit-Normal Input Tax Credit

Sales Tax Amount

Go Sales Tax Amount = Price*(Sales Tax Percentage/100)

Tax Equivalent Yield

Go Tax Equivalent Yield = Tax Free Yield/(1-Tax Rate)

Effective Tax Rate

Go Effective Tax Rate = Tax Expense/Pre Tax Income

Total Sales Tax

Go Total Sales Tax = Price+Sales Tax Amount

Net Price

Go Net Price = Cost of Product+Gst Amount

Net Price Formula

Net Price = Cost of Product+Gst Amount
NP = CP+GT

What is Net Price ?

Net Price refers to the price of a product or service excluding the Goods and Services Tax (GST). In other words, it's the base price of an item before any taxes are added. When one sees a price listed as the "net price in GST," it means that the price shown is the amount one would pay for the product or service before the GST is applied. It's essentially the price of the item itself without considering any taxes. For example, if one see a product advertised with a net price in GST of $100 and the GST rate is 10%, it means that the actual total amount one would pay for the product, including GST, would be $100 plus 10% of $100, which is $10, making the total price $110. Understanding the net price in GST is important for consumers to know exactly how much they're paying for the product itself before taxes are added. It also helps businesses to clearly communicate the base price of their goods or services.

How to Calculate Net Price?

Net Price calculator uses Net Price = Cost of Product+Gst Amount to calculate the Net Price, Net Price is the price that the buyer pays for the product or service, not including the GST. Net Price is denoted by NP symbol.

How to calculate Net Price using this online calculator? To use this online calculator for Net Price, enter Cost of Product (CP) & Gst Amount (GT) and hit the calculate button. Here is how the Net Price calculation can be explained with given input values -> 2040 = 2000+40.

FAQ

What is Net Price?

Net Price is the price that the buyer pays for the product or service, not including the GST and is represented as NP = CP+GT or Net Price = Cost of Product+Gst Amount. Cost of Product refers to the amount incurred by the manufacturer or seller to produce or procure the product & Gst Amount refers to the sum of money that represents the goods and services tax imposed on a particular product or service.

How to calculate Net Price?

Net Price is the price that the buyer pays for the product or service, not including the GST is calculated using Net Price = Cost of Product+Gst Amount. To calculate Net Price, you need Cost of Product (CP) & Gst Amount (GT). With our tool, you need to enter the respective value for Cost of Product & Gst Amount and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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