% calculation

[luminaire]

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.

Who said anything about VAT - I said discount

 

[JohnD]

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.

 

[luminaire]

trick question then, introducing the figure of 17.5%

It's not a trick question, it's very straightforward, requires a vey simple answer.

Any takers?

 

[JohnD]

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

 

[tim west]

I think he means selling for £372 after discount?

 

[breezer]

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)

 

[luminaire]

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?

 

[tim west]

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?

£450.91 approx

 

[luminaire]

£450.91 approx

Correct

 

[empip]

How it works...

Untitled

• empip
• 23 Jul 2008
• 1