Net Price And Gross Price

[kanchan]

Hello All,

 

On Admin side when I add new product to any sub-category,and selects the "taxable class",and

when enter net price for product.the gross price gets calculated.

But how do I come to know at what rate the gross price is calculated,because

under Locations / Taxes->Tax rates suppose there are 2 zones say "Florida" and "CA" with tax rate

suppose 7% and 5% respectively.

Then ow do I come to know at what rate the gross price is calculated?

 

One more doubt

On admin side Under

Locations / Taxes->Countries there is a address format drop down box.

Can any one tell me please what does this drop down is given?

 

Thanks,