60 Plus VAT
Here we will answer your query to 60 plus VAT, break down the calculations in a table and give you the formula for adding VAT to the price of 60.
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What Is 60 Plus VAT?
The answer to 60 plus VAT is 73.8 .
What is 60 plus VAT?
60 plus VAT is calculated below;
73.8
Breakdown of The Calculation
| Price | Rate | Gross Price | VAT Amount |
|---|---|---|---|
| 60 | 23% | 73.8 | 13.8 |
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Formula For Calculating 60 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 = 73.8
- P = 60
- VAT percentage = 23%
The calculation;
T (73.8) = 60 x (100 + .23)