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How Do I Work Out Vat Backwards?

The following site gives an example of how VAT is calculated backwards. More »
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How do you work out V.A.T. Backwards.
VAT is 17.5% so to add on VAT simply multiply the ex VAT figure by 1.175 and to remove VAT simply divide the inc VAT number by 1.175. report this answer. Updated on Friday, February 03 2012 at 09:57PM GMT. Source: www.hmrc.gov.uk/. Collection: vat.  www.kgbanswers.co.uk
If the price is $100 and vat is 5%, how can i calculate backwards to get the price with vat excluded?
If VAT is 5 percent, then $100 is the original price plus five percent of the original price. So if the original price is x, $100 is 105 percent of x. Your equation is therefore 100 = 1.05x. Divide both sides by 1.05 for your answer. (I guarantee at  answers.yahoo.com

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