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Earn +20 ptsQ: What happens to your selling price if you charge vat?
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What is the formula for cost price with VAT?
If the VAT rate is V% then the cost price with VAT is = Cost Price*(1 + v/100)
Difference between vat 4 percent and vat 12.5 percent?
8.5 percent of the pre-VAT price.
How do you minus vat?
Work out 17.5% (current vat rate 2010) of the items price then minus the answer from the original price of the item
How do you calculate VAT?
See the related link for a guide on VAT and how to calculate it. You can also use a VAT calculator such as the one in the related links.*To calculate the price before VATUse the reciprocal of the VAT percent, found as 100/(100 + VAT)e.g. for 15%, multiply by 0.87 (100/115) and that will bring you back to the approximate pre-VAT value.
What is the list price of the shirt that a man bought for Rs 374.50 which includes 7 percent VAT?
Rs 374.50 - 7% = 348.29 7% = 26.21
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