This paragraph sets out the algebraic formula which are used in the different kinds of retail schemes summarised in V3.571–V3.573 (point of sale, direct calculation/expected selling price).
| GR | Daily gross takings taxable at positive and zero rates |
| IP | Input tax incurred on goods purchased for resale |
| LC | Tax-inclusive value of current stock taxable at the lower rate |
| LEC | Expected selling price of current stock taxable at lower rate |
| LEP | Expected selling price of goods |
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