Question

what is the VAT percent if the VAT amount and selling price is given​

Answer 1

Answer:

VAT calculation formula for VAT exclusion is the following: to calculate VAT having the gross amount you should divide the gross amount by 1 + VAT percentage (i.e. if it is 15%, then you should divide by 1.15), then subtract the gross amount, multiply by -1 and round to the closest value (including eurocents).

Step-by-step explanation:

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