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I wish to calculate the Gross Margin on my products and to display in the product template.
Gross Margin = ( (list_price/1+(tax)) - standard_price ) / (list_price/1+(tax))
Tax is included in the list_price (which is the sale price)
Tax is not included in the standard_price (which is the cost price)
Can anyone help
Your Exactly right, thats why you divide the list price $110 by 1.1 to give you the tax Excl Price $100, minus the cost $50 = $50/$100 = 50%
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Calculating a gross margin including tax does not make sense in my opinion. Especially not when you exclude purchase tax.