if the amount of VAT paid by a customer while buying a bag at 13% VAT rate is rs.143, find the cost of the bag without VAT .
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0
vat %=13%
vat=143
vat = vat% of sp (i.e sp without vat)
143 = 13/ 100 of sp
143*100=13sp
14300/13 = sp
sp=4766.67
therefore the cost of bag without vat is rs.4766.67
Answered by
2
If you have a figure you want to add VAT against, multiply by 0.xx to find the VAT value or 1.xx to find the gross value including VAT, where xx again is VAT rate.
With simple calculation for your figure of 2,034 / 1.13 = 1,800 is the price without VAT.
PLS BRIANLIEST AND 1 THANKS SMALL ACCOUNT PLS
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