Working out the VAT HELP! - HotUKDeals
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Working out the VAT HELP!

gavanmooney Avatar
8y, 4d agoPosted 8 years, 4 days ago
HELP.
What is a quick and 100 % accurate way to deduct the 2.5% tax reduction. I dont think that it is accurate just to deduct the 2.5% off the old price????
gavanmooney Avatar
8y, 4d agoPosted 8 years, 4 days ago
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#1
deduct 17.5% off the old price ( gross)
leaves you with the net
Add 15% to the net giving you the new gross
#2
dived the selling price by 1.175 then times it by 1.15 to get the new selling price.
#3
windychef
dived the selling price by 1.175 then times it by 1.15 to get the new selling price.



Thanks:thumbsup:
#4
or if you just want an idea knock about 2% off

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