55 Plus VAT
Here we will answer your query to 55 plus VAT, break down the calculations in a table and give you the formula for adding VAT to the price of 55.
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What Is 55 Plus VAT?
The answer to 55 plus VAT is 67.65 .
What is 55 plus VAT?
Breakdown of The Calculation
|Price||Rate||Gross Price||VAT Amount|
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Formula For Calculating 55 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 = 67.65
- P = 55
- VAT percentage = 23%
T (67.65) = 55 x (100 + .23)