Rod, at 20:04 on Mon, Mar 06 1995, you wrote to Bill Grimsley ...

TD> No worries - 486DX4/100            $339 ex tax
TD>                                    $399 inc tax

HM> $339*1.21=$410.19. Do you accept lower margins on tax-inc items?

BG> Legally, sales tax should be charged at 21% of the wholesale
BG> price, not retail.

RS> Yes.

Lots don't though.  In fact, Byrne Ford at Springwood (Qld) were
successfully prosecuted last year for doing precisely that.  They were
invoicing sales tax at 21% of the full retail price.  It was proved beyond
any doubt to be intentionally fraudulent too, not just a clerical error as
claimed.

BG> Consequently, the wholesale price works out at a few cents under $330.

RS> Erk, that bugger is still using his Win calculator |-)

Even worse, he's beta testing Paul's MsgEdSq/2 2.3a hack, and the above
line should never have been included in my message.

RS> Try $285 if he has the same margin on both, which he said he doesnt.

Yep, if he's adding ST at the legal wholesale rate, his buying price would
indeed be around $285 ex-tax ($285.72 to be precise).

RS> Your figure gives a profit of $9 and $0 respectively, tad hard to 
RS> believe |-)

A much better profit than our current trade deficit though.  |-)

Regards, Bill
@EOT:

--- Msgedsq/2 2.3 alpha