71 Plus VAT

Here we will answer your query to 71 plus VAT, break down the calculations in a table and give you the formula for adding VAT to the price of 71.
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What Is 71 Plus VAT?

The answer to 71 plus VAT is 87.33 .

 

What is 71 plus VAT?

71 plus VAT is calculated below;
87.33

Breakdown of The Calculation

Price Rate Gross Price VAT Amount
71 23% 87.33 16.33

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Formula For Calculating 71 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;

  1. T = 87.33
  2. P = 71
  3. VAT percentage = 23%

The calculation; 

T (87.33) = 71 x (100 + .23)

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