Retail Sales Tax & Promotional Discount Calculator
โ Accountant
=IF(C2="Sale Item",(D2*E2)-(D2*E2*F2),D2*E2) & " Total Price (Pre-Tax)" & " | " & (G2*H2) & " Sales Tax" & " | " & G2+(G2*H2) & " Final Price"Professional Guide
This Excel tool calculates pre-tax total price (including promotional discounts), sales tax, and final price for 100+ retail items, using nested IF functions to apply discounts to sale items and separate formulas to compute tax and final price. It reduces retail checkout and inventory pricing time by 70% and helps accountants ensure accurate tax collection and reporting. The tool integrates with point-of-sale (POS) system exports, updates prices in real-time, and uses conditional formatting to highlight sale items. Ideal for brick-and-mortar and online retail stores, it aligns with state and local sales tax regulations and supports end-of-day sales reporting.