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Old Jul 1, 2009 | 02:56 PM
  #18  
It's Czech Mate's Avatar
It's Czech Mate
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Joined: Jun 2003
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From: West Mids
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Originally Posted by P_is_for_Paul
Thats wrong. That would give you 15% of the pre-vat total plus the vat!
I meant that the people dividing by 1.15 could then multiply their answer by 0.15 to get the VAT total Not just get the Cost of the item less VAT

ie

10 divide by 1.15 = 8.70

8.69 x 0.15 + 1.30
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