Trade price - RRP

[HelpIRL]

** I have asked this already in a past thread just want some more feedback on it**
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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?



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Re: trade price and list price. 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


Is that right ???

 

[ClubMan]

** I have asked this already in a past thread just want some more feedback on it**

So read the posting guidelines and don't open a new thread when you can reply to the existing one.