I am having an issue with the way Gross Product price appears in the control panel. Here is the example:
I have a product with a value $2.00, have selected Taxable item under Tax class and the Gross Product price appears $3.90! Acting weird! In the live store the price appears $2.60!
By the way, I have set the tax zones and rates and I am logged in as I reside in Ontario. The tax rate gst is 5%, so I would expect the gross product price to be $2.10.
I would appreciate any feedback on why that happens.
Thank you in advance