Remove GCT from a price with GCT included

Remove GCT from a price with GCT included

Price excl. GCT:
$0.00
GCT 15%
$0.00
Total incl. GCT:
$0.00

How to remove GCT from a price with GCT included?

This guide explains how to remove GCT from a final price and how to check the result using the calculator.

How to find out the price without GCT of a product

The opposite situation may also arise, where you want to remove GCT from a price. This happens when the price tag gives one, but with the comment that GCT is included. Knowing the net price of the product could be a perfectly valid question to have.

Formula to remove GCT from a final price

This can be answered by applying the formula:

X
=
Price with GCT
1.15
=
Result price without GCT

Example to remove GCT at 15%

In this case, the $299 of the total product price would be divided by 1.15. Giving the following result:

X
=
$299
1.15
=
$260

Summary of operations for GCT at 15%

In summary, if you have an GCT of 15%, these are the operations to perform:

  • $260 × 0.15 = $39 (To calculate GCT on prices that do not have it)
  • $260 × 1.15 = $299 (To calculate the total price with GCT included)
  • $299 ÷ 1.15 = $260 (To calculate the price without GCT)