2006-07-13 15:58:49 · 13 answers · asked by chip timber 1 in Science & Mathematics ➔ Mathematics
I need to know how to find the figure before VAT is added.
2006-07-13 16:00:12 · update #1
IF vat is at 17.5 percent then;
net = gross * 40/47
2006-07-13 19:41:08 · answer #1 · answered by 'Dr Greene' 7 · 0⤊ 0⤋
Multiply by (100 - vatrate) / 100 -- that is "vatrate" as a percentage, so (100 - 17.5) / 100. In calculations you are likely to repeat (such as VAT at 17.5%) it can help to simplify the fraction, reducing it to lowest terms so that it is available by memory. In this case (when VAT is 17.5%), discounting the sum is equivalent to multiplying by 33/40. Then, whenever the basic VAT rate changes, you just have to memorise a new fraction.
2006-07-16 21:10:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Divide the gross by 100
multiply by 17.5
then deduct that answer from the gross figure to give you the original before vat was added.
2006-07-18 02:51:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Work with either a variable x, or 100
Like 100 * 17.5 % will be 17.5 and the total will be 100 + 17.5
This way you will get an approximation (85)
or
X * 117.5 / 100 = Net price
so Net price * 100 / 117.5 = X
2006-07-13 20:51:56 · answer #4 · answered by mkaamsel 4 · 0⤊ 0⤋
1. Gross x 17.5% = VAT
2. Gross - VAT = Net
2006-07-13 16:08:24 · answer #5 · answered by Neil S 4 · 0⤊ 0⤋
SAY IT IS £100 +17.5% vat it would £117.50 yes so how did we do that 100(cost figure)multiply with17.5(vat %) then divide by 100 so say cost is 44.5 multiply with 17.5(vat) =778.75 now divide by 100 =move decimal point twice to left= 7.78 do u savvy
44.5 has vat resulting in 7.78
2006-07-13 16:21:08 · answer #6 · answered by babsey 1 · 0⤊ 0⤋
use this general equation
gross = (1 + VAT) x net
so if we know that VAT = 17.5% or 0.175 we can find relation between gross and net as
gross = (1 + 0.175) x net
gross = 1.175 x net
for example, given the gross $1,175 so we can find net as
$1,175 = 1.175 x net
net = $1,175 / 1.175 = $1,000
i hope this can help
2006-07-13 16:17:09 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If you're adding tax at 17.5%, then the number you have is 117.5% of the original price. In decimal terms, this is 1.175 of the original price. Let n be that price and g be the gross price, then
1.175n = g
n = g/1.175
2006-07-13 16:05:01 · answer #8 · answered by Anonymous · 0⤊ 0⤋
net = gross*7/47
2006-07-16 00:02:32 · answer #9 · answered by dcfcviper 2 · 0⤊ 0⤋
Divide the gross figure by 1.175 and there's your answer!
2006-07-15 06:12:22 · answer #10 · answered by Tom D 2 · 0⤊ 0⤋