Comments

  1. avatar says

    ok im starting to get it, so:

    to get from vat inclusive figure to vat exclusive you multiply by 100/120
    to get the vat figure you multiply vat inc figure by 20/120

    am i right or am i way off lol ?

  2. avatar says

    Hi,

    Can someone please explain to me how we know what percentage to multiply by when something is inclusive of vat or exclusive of vat, I’m getting confused with the multiplying by 100/120 and 20/120? Is it something to do with output and input vat?

    Thanks.

    • Profile photo of nikki says

      Hi, the vat inclusive price is 120% and vat exclusive price is 100%… So that’s where your elementary school algebra kicks in. I wish I could write it out on a piece of paper & send u a pic so I could show u what I mean.

    • Profile photo of nikki says

      Car 16450… They say it’s vat inc… So that’s 120% (or 1.2 or 120/100)… Now to findt for 20%… U can do some cross multiplication.
      120/100 = 16450
      20/100 = ?
      ?? ? = 16450 ?? 20/100 ? 120/100
      = 16459 * 20/100 * 100/120
      = 16450 * 20/120

      I know this looks long but this is basically how they got the 20/120
      Hope this helps! ????

    • Profile photo of nikki says

      Car 16450… They say it’s vat inc… So that’s 120% (or 1.2 or 120/100)… Now to findt for 20%… U can do some cross multiplication.
      120/100 = 16450
      20/100 = ?
      ? = 16450 * 20/100 / 120/100
      = 16459 * 20/100 * 100/120
      = 16450 * 20/120

      I know this looks long but this is basically how they got the 20/120
      Hope this helps!

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