# 240 Plus VAT

Here we will answer your query to 240 plus VAT, break down the calculations in a table and give you the formula for adding VAT to the price of 240.
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## What Is 240 Plus VAT?

The answer to 240 plus VAT is 295.2 .

## What is 240 plus VAT?

240 plus VAT is calculated below;
295.2

## Breakdown of The Calculation

Price Rate Gross Price VAT Amount
240 23% 295.2 55.2

## Formula For Calculating 240 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 = 295.2
2. P = 240
3. VAT percentage = 23%

The calculation;

T (295.2) = 240 x (100 + .23)

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