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How to find the full amount of Calculated Vat value?

Here i have calculated VAT Amount from Full amount.

VAT Percentage 10%

Full Amount = 100

VAT Amount = ???

= (10/100)

= 0.1

= 0.1 * 100

= 10 (VAT)

= 100 - 10

= 90 (VAT Amount - After calculated VAT 10%)

Need the Full Amount??? (Only VAT 10% and already calculated VAT amount 90)

VAT Percentage 10%

Already Calculated VAT amount = 90

Full Amount = ???

M.I.M.F
  • 101

1 Answers1

1

If the VAT is $10\%=0.10$, we multiply the pre-tax price by $1.10$ to get the final price. So if the final price is $100$, the pre-tax price is $\frac {100}{1.1}\approx 90.91$ and $90.91 \cdot 1.1 \approx 100$

Ross Millikan
  • 374,822
  • What is pre-tax price by 1.10, I want to get final price of Vat Percentage and already calculated vat amount (need actual price of calculated vat amount) – M.I.M.F Jun 08 '15 at 20:03
  • Please answer with example.. thank you – M.I.M.F Jun 08 '15 at 20:05
  • I gave an example, using your value for the final price of $100$. The VAT amount is the difference between $100$ and the pre-tax price. Can you subtract? – Ross Millikan Jun 09 '15 at 02:51
  • Thank for the answer, but i couldn't understand 1.10 and what is value of 90.91.11 please explain me... – M.I.M.F Jun 09 '15 at 05:19
  • VAT is 11%, After calculated VAT 11% of x value VAT amount is 111.25. What is the X value – M.I.M.F Jun 09 '15 at 05:23
  • Your example was VAT of $10%$, so I multiplied by $1+0.10=1.1$. For VAT of $11%=0.11$, you multiply by $1.11$ I showed how I got $90.91,$ I divided $100$ by $1.1$ When you increase something by $x%$, that is $x/100$, so the price becomes $1+(x/100)$ times the previous price. – Ross Millikan Jun 09 '15 at 05:24
  • i understood but answer is not coming. Can you do it and show what is the original price of VAT 11% deducted price 111.25 – M.I.M.F Jun 09 '15 at 05:43
  • @user1663855 If the price is $111.25$ after a VAT of $11%$ is added, then the original price was $\frac{111.25}{1.11}$. – N. F. Taussig Jun 09 '15 at 10:01
  • The Original price is wrong i divided 111.25 by 1.11 answer coming 100.2252252252252 something like this... – M.I.M.F Jun 09 '15 at 10:49
  • Why do you say that original price is not correct? If the original price were $100$, the price with tax would be $111$. This with tax price is just a little higher. Prices are often rounded off, so you can't count on division coming out evenly. – Ross Millikan Jun 09 '15 at 13:52