Friday, January 8, 2010

How do I calculate VAT for a paricular object?

I am a student of class 9th.I have to do a Maths project.So,can anyone tell me how to calculate VAT for an object.if I know the price at which the manufacturer is selling to the distributor and the distributor to the retailer and finally to the consumer.How do I calculate VAT for a paricular object?
search for the equation on the internetHow do I calculate VAT for a paricular object?
Presumably you are British or you would have said Math.


With VAT at 17.5 %. the cost to the consumer is 117.5%, so to find the retailer's cost, you have to divide the retail price by 117.5 and multiply by 100. I don't know what else you have in the way of figures, but the same argument applies from the distributor to the retailer and again from manufacturer to distributor.


Work backward from each stage.
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