Egg Heads this way please!

[SB118]

I should have mentioned that's how one of my suppliers worked out my prices. Not vat registered, but sold to me at pre-vat prices

 

[FrostedNipple]

Yay, someone else got it wrong too.

Glad I'm not the only one, haha.

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!

i believe that is also wrong!

 

[Squark]

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!

Easier? Easier than dividing by 1.175?
Apart from it being wrong anyway, as already pointed out

 

[Sinny]

£3000 / 100 = 1%

1% x 17.5 = VAT

£525 is the VAT

 

[whitecrook]

£3000 / 100 = 1%

1% x 17.5 = VAT

£525 is the VAT

No.

 

[Squark]

yay, another silly one to add to the list!
They're exposing themselves tonight!

 

[4p]

Im so bad at maths

Got a D in GCSE

SCREW MATHS

 

[Tesla]

This thread is rather worrying.

 

[Squark]

Isn't it

 

[SB118]

Im so bad at maths

Got a D in GCSE

SCREW MATHS

heh, i took maths A-level, did so badly they turned my grade in a D at a/s level. i suck at sums!

 

[FrostedNipple]

This thread is rather worrying.

It's because they aren't thinking it through first, they know how they would add vat, so they take it away with the same method! which unfortunately for them is wrong

 

[Doosht]

It's because they aren't thinking it through first, they know how they would add vat, so they take it away with the same method! which unfortunately for them is wrong

exactly!

 

[twistedheat]

heh, i took maths A-level, did so badly they turned my grade in a D at a/s level. i suck at sums!

Does it sum up the British education system, when I got this wrong yet received grade 'A' for GCSE's and grade 'B' for A-levels?

 

[Hodders]

To be honest you just have to think about how VAT works:

Gross price (G) is the ex vat price (P) plus the vat (V)


G = P + 17.5% of P

G = P*1.00 + P*0.175

G = P * 1.175

Or P = G / 1.175

Or Vat = 0.175/1.175 * G

 

[Tesla]

To be honest you just have to think about how VAT works:

Gross price (G) is the ex vat price (P) plus the vat (V)


G = P + 17.5% of P

G = P*1.00 + P*0.175

G = P * 1.175

Or P = G / 1.175

Or Vat = 0.175/1.175 * G

Don't confuse them!

 

[SB118]

To be honest you just have to think about how VAT works:

Gross price (G) is the ex vat price (P) plus the vat (V)


G = P + 17.5% of P

G = P*1.00 + P*0.175

G = P * 1.175

Or P = G / 1.175

Or Vat = 0.175/1.175 * G

You've just set my recovery back 3 months.

 

[D.P.]

This thread is rather worrying.

I'm somewhat afraid for the future of the UK if this thread is anything to go buy. No wonder the British educat5ion system is lought at in the rest of the world

 

[Ice Rich]

A lot of the mentioned 'wrong' answers had the right concept it just they never read the question to find that VAT was already included. The answer the OP wanted was the amount EXCLUDING VAT, 100 / 300 (x17.5) would give an answer that is 17.5% 'out'.

 

[doofer]

I'm somewhat afraid for the future of the UK if this thread is anything to go buy. No wonder the British educat5ion system is lought at in the rest of the world

Irony overload!

 

[MTA99]

Irony overload!

*sniggers*