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eddie d

percentages ?????????
« on: January 13, 2008, 08:20:23 pm »
cmon guys i kno im slow but how do you find out a percentage

ie what + 10 % = 774

this is wc related as i have to work out the price pre 10% vat

Re: percentages ?????????
« Reply #1 on: January 13, 2008, 08:24:10 pm »
I thought vat was 17.5%

eddie d

Re: percentages ?????????
« Reply #2 on: January 13, 2008, 08:25:12 pm »
it is .
how do you work this out please

Karl Wheeler

  • Posts: 377
Re: percentages ?????????
« Reply #3 on: January 13, 2008, 08:25:28 pm »
Hi
The formula is 774 x 100 divided by 110 or 117.5 if VAT IS 17.5% this will give you the net figure before 10% was added

thanks
karl

eddie d

Re: percentages ?????????
« Reply #4 on: January 13, 2008, 08:27:05 pm »
 ;D ;D    karlno5
thankyou sir

Karl Wheeler

  • Posts: 377
Re: percentages ?????????
« Reply #5 on: January 13, 2008, 08:28:39 pm »
I think here is looking for the net figure before the 10% is added to make the gross 774.

Re: percentages ?????????
« Reply #6 on: January 13, 2008, 08:30:42 pm »
Get your calculator out put the figure in then press multiply then 10 then % button. :)

Re: percentages ?????????
« Reply #7 on: January 13, 2008, 09:07:21 pm »
Eddie,
When you pay vat flat rate it is 10% gross.

You are allowed/supposed to charge your customers- if you show it as a seperate item- 17.5%.

According to the VAT man you actually make a profit by putting all of your prices up 17.5%

eddie d

Re: percentages ?????????
« Reply #8 on: January 13, 2008, 09:51:14 pm »
thx mr solubility
in order to be competitive and as the cost is passed on to the customer (care homes )im only going to charge what i have to pay .
the custy pays for it in a service charge and wont be claiming any vat back even if the company is .
but thx for your insight