Egg Heads this way please!

[Doosht]

can anyone good at maths tell me an easy way to do this sum.


If ive got a price of £3000 inc vat for example
Whats the way to calculate the amount excluding vat?

TIA

 

[Nitefly]

Divide by 117.5! Multiply by 100!

(I hope )

 

[twistedheat]

can anyone good at maths tell me an easy way to do this sum.


If ive got a price of £3000 inc vat for example
Whats the way to calculate the amount excluding vat?

TIA

Vat = 17.5%

3000 inc vat is equal to 100%

100% minus 17.5% = 82.5%

Therefore, (3000/100)x82.5 = £2475 ex. vat

 

[Chris01]

workout 10%, divide that in half to get another 5%, then divide that in half again = 2.5% then add all the figures together But much easier way in the post above!

edit: then takeaway that figure from £3000 to get the exc VAT price!

 

[JIM_BOB7813]

Divide by 117.5! Multiply by 100!

(I hope )

Divide by 1.175

 

[Squark]

just divide by 1.175

Vat = 17.5%
3000 inc vat is equal to 100%
100% minus 17.5% = 82.5%
Therefore, (3000/100)x82.5 = £2475 ex. vat

Thats wrong mate, the £3000 is equal to 117.5%, not 100%

 

[Nitefly]

Divide by 1.175

 

[JIM_BOB7813]

Vat = 17.5%

3000 inc vat is equal to 100%

100% minus 17.5% = 82.5%

Therefore, (3000/100)x82.5 = £2475 ex. vat

This is wrong

If you now work backwards, 2475 * 1.175 Should give 3000, which it doesn't.

 

[bigredshark]

Vat = 17.5%

3000 inc vat is equal to 100%

100% minus 17.5% = 82.5%

Therefore, (3000/100)x82.5 = £2475 ex. vat

fail

3000 = 117.5% of the price excluding VAT. So the first method is spot on, divide by 117.5 then multiply by 100 to get the price before vat

or 2553.19 in this case

 

[SexyGreyFox]

Vat = 17.5%

3000 inc vat is equal to 100%

100% minus 17.5% = 82.5%

Therefore, (3000/100)x82.5 = £2475 ex. vat

What school did you go to?

 

[twistedheat]

just divide by 1.175



Thats wrong mate, the £3000 is equal to 117.5%, not 100%

Thought something looked wrong.

What school did you go to?

I don't think it's the schools fault!

 

[ArmyofHarmony]

thank god twisted heat was wrong, i did it before reading replies, then went to make sure it was right and got scared i've gone crazy

 

[basmic]

I'd divide by 1.175 (£2,553.20)to deduct the tax, or multiply by 1.175 (£3,525) to add the tax.

 

[eddiemcgarrigle]

1% = 30

30 x 17.5 = VAT

 

[SB118]

Take 14.9% off the price, that'll give you the pre VAT cost.

£3000 - 14.9% = £2553.

 

[basmic]

1% = 30

30 x 17.5 = VAT

Why not just say (3000 / 100) x 17.5?

 

[twistedheat]

1% = 30

30 x 17.5 = VAT

Yay, someone else got it wrong too.

Glad I'm not the only one, haha.

 

[Squark]

you can feel stupid together

 

[unknowndomain]

14.9?

 

[whitecrook]

It's the same figure as near as dammit to 15% off.

That is easy to work out 10% + 5% = 300+150 = 450 off.

The answer is ~£2550