Use of formula
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Anonymous User
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Mar 18, 2013 at 07:22 AM
Zohaib R
Zohaib R
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Zohaib R
Mar 18, 2013 at 01:52 PM
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Mar 18, 2013 at 01:52 PM
Hi AYISATU,
If you mean "Value Added Tax" by the term "VAT", you can use the following method to calculate "VAT":
Enter sale price in cell A1: 100.00
Enter VAT / Tax in cell A2: 18.00%
Use the following function to calculate the net sale price: =A1/(100%+A2)
The result: 84.75
To calculate the VAT / Tax use the following function: =A1-A1/(100%+A2)
The result: 15.25
Do reply with results.
If you mean "Value Added Tax" by the term "VAT", you can use the following method to calculate "VAT":
Enter sale price in cell A1: 100.00
Enter VAT / Tax in cell A2: 18.00%
Use the following function to calculate the net sale price: =A1/(100%+A2)
The result: 84.75
To calculate the VAT / Tax use the following function: =A1-A1/(100%+A2)
The result: 15.25
Do reply with results.
