Product Net Price vs. Gross Price

[Sam_Iam]

When adding items to the store, there are fields for a net price and gross price. However, when I edit one the other changes to match it.

Does anyone know what the net price should be used for?

Thanks,
Sam

[MysticalMoon]

The net price is the price pre-tax, and the gross price should be the price including tax.

If you have a product that you want to sell for $ 10.00, you would enter $ 10.00 as the net price.

If you lived in CT with a sales tax rate of 6%, your gross price would then be $ 10.00 + 6% = $ 10.60

:P

[operadivamommy]

And this is useful why? Just curious...If the store is already configured to calculate the tax during checkout, what does this add for functionality?

Thanks in advance.

Laura