trade price and list price.

[HelpIRL]

Hey

Can someone work this out for me

I buy goods form a distributor say one item @ 100 ex vat

so I pay 100 + vat @ 21 = 121

I want to make 30% on the item how do i tot it up after that

100 @30%= 130
plus the vat i paid 21
= 151

and then the vat i charge the customer @21% 181 total

So i make 30 euro plus i get back the 21 in vat I paid the distributor

That right?

 

[hhhhhhhhhh]

Buy item 100 + 21 VAT = € 121

Sell item 130 +27.3 VAT = € 157.3

Pay 27.3 - 21 = € 6.3 VAT to revenue

Ignore vat as it is not your money, you just collect it for the government