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What is the real price for 7 500 rands before vat ?
Bee Kays
May 31
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#finance
What is the real price for 7 500 rands before vat ?
What is the real price for 7 500 rands before vat ?
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May 31
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To calculate the price before VAT, you need to divide the total price by 1 plus the VAT rate.
Let's assume the VAT rate is 15% in this case.
Price before VAT = Total price / (1 + VAT rate)
Price before VAT = 7500 / 1.15
Price before VAT = 6521.74 rands
Therefore, the real price for 7,500 rands before VAT is 6,521.74 rands.
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