How this GST Profit Calculator Works
Are you a business owner looking to calculate your net profit including GST? Our GST Profit Calculator is designed to help you determine your net profit and profit percentage from your sales activities, accounting for GST.
- Selling Price (Including GST): Enter the selling price of your product including GST.
- Purchase Price (Including GST): Input the purchase price of your product including GST.
- Number of Units Sold: Enter the total number of units sold.
- GST Rate (%): Include the GST rate applicable to your products.
- Calculate: Click the "Calculate Profit" button to determine your net profit and profit percentage.
GST Profit Calculation Formula:
The formula used to calculate the net profit is:
Net Profit = (Selling Price Including GST × Number of Units Sold) − (Purchase Price Including GST × Number of Units Sold)
The profit percentage is calculated as:
Profit Percentage = (Net Profit / (Purchase Price Including GST × Number of Units Sold)) × 100
For more information on GST and business strategies, read this Goods and Services Tax Guide.