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Topic starter
Can anyone tell me how to calculate VAT on a total cost,ie, £2298.90 is the total, what would be the net price?
Posted : 15/02/2011 4:39 pm
Divide it by 1.20
Posted : 15/02/2011 4:40 pm
several ways to do it, but divide by 12 then multiply answer by 10 is simple
Posted : 15/02/2011 4:40 pm
No, divide it by 1.2 😉
Posted : 15/02/2011 4:41 pm
Topic starter
Cheers.
Posted : 15/02/2011 4:41 pm
I was giving him bigger numbers so he might find it easier 😆
Posted : 15/02/2011 4:42 pm
multiply by 1/1.2
Posted : 15/02/2011 8:21 pm
Depends on the VAT rate - 99% of the time it'll be 20%, but there are some things at lower rates.
Posted : 15/02/2011 8:23 pm
Divide by 6 and then times by 5.
Posted : 15/02/2011 8:24 pm
Total / 120 X 100
Posted : 15/02/2011 8:27 pm
Subtract 32 and multiply by 5 over 9. Then times 117.5. Diving the result by 12 over 10. Add 273 if you're converting from kelvin to faradays.
Posted : 15/02/2011 8:38 pm