L luminaire Joined 11 Jan 2007 Messages 704 Reaction score 1 Country 20 Jul 2008 #16 JohnD said: that looks like a trick question (or a mistake) VAT is 17.5% of the ex-VAT price It is not 17.5% of the inc-VAT price. Click to expand... Who said anything about VAT - I said discount
JohnD said: that looks like a trick question (or a mistake) VAT is 17.5% of the ex-VAT price It is not 17.5% of the inc-VAT price. Click to expand... Who said anything about VAT - I said discount
JohnD Joined 15 Nov 2005 Messages 88,992 Reaction score 6,686 Location South Country 20 Jul 2008 #17 trick question then, introducing the figure of 17.5% btw my factory in North Korea can turn out mk.4 Gizmos at £23 per doz. they can be labelled with any brand you wish. they are not very high quality.
trick question then, introducing the figure of 17.5% btw my factory in North Korea can turn out mk.4 Gizmos at £23 per doz. they can be labelled with any brand you wish. they are not very high quality.
L luminaire Joined 11 Jan 2007 Messages 704 Reaction score 1 Country 20 Jul 2008 #18 JohnD said: trick question then, introducing the figure of 17.5% Click to expand... It's not a trick question, it's very straightforward, requires a vey simple answer. Any takers?
JohnD said: trick question then, introducing the figure of 17.5% Click to expand... It's not a trick question, it's very straightforward, requires a vey simple answer. Any takers?
JohnD Joined 15 Nov 2005 Messages 88,992 Reaction score 6,686 Location South Country 20 Jul 2008 #19 if the marked price is £372 and you want to discount it by 17.5% 17.5% of £372 is £65.10 £372 minus £65.10 is £306.90 like I said
if the marked price is £372 and you want to discount it by 17.5% 17.5% of £372 is £65.10 £372 minus £65.10 is £306.90 like I said
T tim west Joined 27 Nov 2006 Messages 11,885 Reaction score 32 Country 20 Jul 2008 #20 I think he means selling for £372 after discount?
B breezer 20 Jul 2008 #21 i agree with JohnD (but i rounded it up £306.91 inc vat But i migt be inclined to sell them at £399.99 with a note "Last few only" (and i have seen it done)
i agree with JohnD (but i rounded it up £306.91 inc vat But i migt be inclined to sell them at £399.99 with a note "Last few only" (and i have seen it done)
L luminaire Joined 11 Jan 2007 Messages 704 Reaction score 1 Country 20 Jul 2008 #22 Let me make it easy for you: £x - 17½%x = £372 In other words, when you've deducted the 17½%, you're left with £372. So what must you sell at?
Let me make it easy for you: £x - 17½%x = £372 In other words, when you've deducted the 17½%, you're left with £372. So what must you sell at?
T tim west Joined 27 Nov 2006 Messages 11,885 Reaction score 32 Country 20 Jul 2008 #23 luminaire said: Let me make it easy for you: £x - 17½%x = £372 In other words, when you've deducted the 17½%, you're left with £372. So what must you sell at? Click to expand... £450.91 approx
luminaire said: Let me make it easy for you: £x - 17½%x = £372 In other words, when you've deducted the 17½%, you're left with £372. So what must you sell at? Click to expand... £450.91 approx
L luminaire Joined 11 Jan 2007 Messages 704 Reaction score 1 Country 20 Jul 2008 #24 tim west said: £450.91 approx Click to expand... Correct
empip Joined 24 Sep 2005 Messages 6,345 Reaction score 268 Country 23 Jul 2008 #25 How it works... Untitled empip 23 Jul 2008 1