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Vat Fraction.

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When VAT was 17.5% you worked out the pre-VAT cost of an item as 7/47ths. So, £117.50 divided by 47 and the result multiplied by 7 lkeft the VAT amount of £17.50 meaning the item cost £100 before VAT. At 15% is was 3/23rds. What is it now that it's 20% VAT?

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When VAT was 17.5% you worked out the pre-VAT cost of an item as 7/47ths. So, £117.50 divided by 47 and the result multiplied by 7 lkeft the VAT amount of £17.50 meaning the item cost £100 before VAT. At 15% is was 3/23rds. What is it now that it's 20% VAT?

5/6ths for the pre VAT cost (i think...).

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Just divide the full amount by 1.20 (1.2) and you'll get the pre-VAT amount

Any VAT rate of V will work (1.V) so when it hits 25% use 1.25,etc

Easy.

Buckers

+1

I have always added percentages by multiplying by, for example 1.175 (for 17.5%), and dividing by the same amount to take it off again.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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