10 Plus VAT
Here we will answer your query to 10 plus VAT, break down the calculations in a table and give you the formula for adding VAT to the price of 10.
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What Is 10 Plus VAT?
The answer to 10 plus VAT is 12.3 .
What is 10 plus VAT?
10 plus VAT is calculated below;
12.3
Breakdown of The Calculation
| Price | Rate | Gross Price | VAT Amount |
|---|---|---|---|
| 10 | 23% | 12.3 | 2.3 |
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Formula For Calculating 10 Plus VAT
If you are adding Value Added Tax; then you need to multiply the price by (100 + VAT percentage). This is the price, including VAT (Gross value)
The formula for adding VAT To A Price;
T = P x (100 + VAT percentage)
Formula explained in this case;
- T = 12.3
- P = 10
- VAT percentage = 23%
The calculation;
T (12.3) = 10 x (100 + .23)