Working out the VAT HELP!

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????

4 Comments

deduct 17.5% off the old price ( gross)
leaves you with the net
Add 15% to the net giving you the new gross

dived the selling price by 1.175 then times it by 1.15 to get the new selling price.

Original Poster

windychef;3612505

dived the selling price by 1.175 then times it by 1.15 to get the new … dived the selling price by 1.175 then times it by 1.15 to get the new selling price.




Thanks:thumbsup:

or if you just want an idea knock about 2% off
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