8.5 percent of the pre-VAT price.
Work out 17.5% (current vat rate 2010) of the items price then minus the answer from the original price of the item
19 percent VAT on 110 euros is 20.9 euros.
Divide the 2450 by 1.14 which gives you 2149.12, then subtract that from the original number to reveal the VAT amount of 300.88. This works for any figure you want to remove a percentage from.
Multiply the pre-VAT amount by 0.12
From net figure: assume Vat rate=16% Vat amount=16/100*net figure from Gross figure Vat amount =16/116*gross figure
8.5 percent of the pre-VAT price.
Work out 17.5% (current vat rate 2010) of the items price then minus the answer from the original price of the item
Multiply the VAT figure by 5 ie: VAT amount £20 x 5 gives you a net figure of £100.00.
19 percent VAT on 110 euros is 20.9 euros.
12 percent VAT of 2350 pesos is 282 pesos.
If the 545 is inclusive of VAT then the VAT element is 71.08, however if the 545 is exclusive of VAT then the VAT would be 81.75
Divide the 2450 by 1.14 which gives you 2149.12, then subtract that from the original number to reveal the VAT amount of 300.88. This works for any figure you want to remove a percentage from.
The difference is 8.5 percent of the purchase price, or 3.125 times as much at 12.5% as at 4%.
Divide by 1.whatever the rate is. ie If vat is 17.5% you would divide the gross by 1.175 to get the net figure, the vat is the difference between the two.
Multiply the pre-VAT amount by 0.12
how to enter vat 13.5 % in tally 7.2