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Dear Experts,
I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax.
Here are the examples with expected result. Please let me know the formula on how to get the given result.
Example1:
Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations)
Tax1 rate is 10% and Tax1 is inclusive.
Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1
Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2
Expected Results are:
Tax1=76.34
Tax2=83.97
Tax3=76.34
Let me know formula to derive above values?
Example2:
Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations)
Tax1 rate is 10% and Tax1 is inclusive.
Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1
Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2
Expected Results are:
Tax1=75.70
Tax2=83.27
Tax3=84.03
Please let me know formula to derive above values?
Thanks in advance.
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