The retail price of gold and silver jewelry includes tax. First, convert the price including tax \\/ 1. 17 into the price excluding tax, and then multiply the price excluding tax by the applicable consumption tax rate to calculate the consumption tax payable. Packaging sold together with products but priced separately shall be subject to consumption tax according to regulations. Like gold and silver jewelry, the payable consumption tax is calculated by multiplying the applicable tax rate of converted gold and silver jewelry by the payable consumption tax.