stoopid ass
kazseera
Registered Posts: 87 ? ? ?
ok lol i think the more im studying, the more dumber im getting lol
i wanted to know how do you work out the from net or gross
i just dont know the formula.
i wanted to know how do you work out the from net or gross
i just dont know the formula.
0
Comments

?
do you mean to work out net from gross and to work out gross from net?0 
gross *7/47 = vat0

to get gross you * net by 17.5%
to get net you divide by 117.5 then * 17.50 
gross/1.175 = net0

Do you mean how to work out the net figure from gross for VAT?
If VAT = 17.5% and you have the gross figure, divide by 117.5 and multiply by 100.
eg if gross figure is £117.50 div by 117.50=1 x 100= £100. You can always check it is correct by multiplying net by 17.5% = VAT. So £100 net x 17.5/100=£17.50 + £100 = £117.50gross
Another way is multiply by 7/47.
If VAT = 5% divide gross by 105 and muliply be 100.
Hope this makes sense!0 
thank u people good luck for the exam0
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