Calculate Added Costs

In this video, you will calculate additional percentages that might add to the total cost of your items.

You have calculated your discount percentages to save some money on your purchases.

But you must also consider fees that can add to your total cost.

Extra costs, such as duties and tips, are necessary to add before determining your final total cost.

One of the most common fees added to a purchase is sales tax.

Sales tax is a fee that is added to the price of an item in most U.S. states.

Sales tax is calculated as a percentage of an item’s cost, the amount of which is then added to the cost of the item.

To begin, research the sales tax in your state.

Some places have both state and local taxes, so you might research your county and town or city as well.

Then, if your state has a sales tax, add a formula to the cells in your "Added Fees" column to calculate the sales tax.

To do this, multiply the total after discount by the tax percentage.

Continue adding the formula for all of your items.

If your state does not have a sales tax, you can leave this column blank for now.

If you have any other percentages you need to add, such as a tip or duty, you can add them to your "Added Fees" column.

People who provide services, such as a delivery person or DJ, often welcome tips for performing their job well.

If you do not know about any added fees at this time, you can leave this column blank.