the folliwing amount include VAT at a rate of 17.5%:
£11.75
can you help me to calculate the amount of VAT for £11.75?
2006-10-07 05:22:30 · 12 answers · asked by missy 2 in Education & Reference ➔ Homework Help
I hate this sort of question - percentages were always my worst (by don't let that put you off, I got an A level after all).
£11.75 is the total cost = 100% cost of item + 17.5% = 117.5%
What you want to find is the vat = 17.5%
So you first divide 17.5 by 117.5, then you multiply by the amount they give you £11.75
This gives you the answer £1.75 which is the vat.
If you wanted to find the cost of the item you would divide 100 by 117.5 then multiply by the vat-inclusive figure they give you.
Cost of item is always 100%, vat is 17.5% is all you need to remember for the exam.
2006-10-07 05:47:35 · answer #1 · answered by Tertia 6 · 1⤊ 0⤋
If you are asking what is the VAT part of £11.75, the the answer is £1.75
we know this beause the amount includings vat at 17.5%, so £11.75 is equivalent to 100% (the amount without VAT) + 17.5% for the VAT. ie £11.75 = 117.5%
therefore to get the VAT fist divide the amount by 117.5% (this will give as a number that is 1% of the amount without tax. [£0.1]
BUT we want to know what 17.5% for the original amount, so time £0.1 by 17.5 = £1.75
2006-10-07 10:06:14 · answer #2 · answered by Me 3 · 1⤊ 0⤋
£11.75 includes the VAT at 17.5%, so first you need to calculate the amount ex VAT, so you divide it by 117.5, then multiply by 100 to get the nett amount.
Subtract this from the VAT inclusive amount to see the VAT amount.
£11.75/117.5=£0.1 X 100= £10.00
£11.75 - £10.00 = £1.75. This is the amount of VAT that has been applied.
If this is correct, you can check it by applying the Vat again, ie
£10.00 X 1.175 = £11.75
2006-10-07 05:37:45 · answer #3 · answered by RM 6 · 1⤊ 0⤋
The original amount (before vat) is the full amount (or 100%)
The figure of £11.75, is 100% of the original amount (i.e. before vat) + the 17.5% vat added, making a total of 117.5%
therefore if you divide £11.75 by 117.5 (to get a 1% value)
Then multiply by 100 (to get the original amount) - which is £10
2006-10-07 05:44:28 · answer #4 · answered by Anonymous · 1⤊ 0⤋
divide 11.75 by 100 then times it by 17.5 you'll get the amount of vat added on and just put a £ sign before for answer
2006-10-07 05:48:35 · answer #5 · answered by beck 1 · 0⤊ 1⤋
£11.75 divided by 100 = 0.1175
then do 0.1175 x 17.5 = £2.06 (that's the amount of VAT)
So the total amount plus VAT would be £13.81
hope that helps
2006-10-07 05:29:10 · answer #6 · answered by Oscar100 2 · 0⤊ 1⤋
divide 11.75 by 100 then multiply by 17.5 and this will be your VAT
2006-10-07 05:24:12 · answer #7 · answered by Matt 1 · 0⤊ 1⤋
11.75 is 100% + 17.5%
The net price is 10.00 and so VAT is 1.75.
11.75 / (100+17.5) x 100 = price
11.75 / (100+17.5) x 17.5 = VAT
2006-10-07 05:33:56 · answer #8 · answered by Vogon Poet 5 · 1⤊ 0⤋
To get the amount including vat multiply by 1.175
2006-10-07 05:24:37 · answer #9 · answered by Anonymous · 0⤊ 1⤋
work out 17.5% of 11.75 and there's your answer work out 10% and half it to get 5% then half 5% to get 2.5% and all the answers together
:)
2006-10-07 05:27:27 · answer #10 · answered by aimzinch 2 · 0⤊ 1⤋