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working out percentages
hello all. how can I work out the starting amount if I have the final gross total and the vat percentage? For example, if I know that a net amount is 3894.86 and there is vat of 16% which is 741.88, then the gross is 4636.74. However, if I have the gross amount, and know the vat code, how can I work back to the net amount?
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No best answer has yet been selected by soozmac. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.ah, is that all it is? I used to know that, but many years have passed since I was at school, and for the life of me I couldn't work it out on paper.
Thanks so much, I can now finish my work without having to admit to my new boss that she's hired someone with 6 years' accounts payable experience, who can't work out net amounts......
Thanks so much, I can now finish my work without having to admit to my new boss that she's hired someone with 6 years' accounts payable experience, who can't work out net amounts......
Can I also pick your brains chazza, whilst on percentages?
How do you calculate by what percentage an item has increased or decreased.
Say an item cost �50.25 and it now costs �68.75, what is the percentage increase?
And say an article once cost �30.50 and it has been reduced to �26.75, what is the percentage knock down?
How do you calculate by what percentage an item has increased or decreased.
Say an item cost �50.25 and it now costs �68.75, what is the percentage increase?
And say an article once cost �30.50 and it has been reduced to �26.75, what is the percentage knock down?