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Really Simple Sums Question

Kintarō Hattori · 2012-09-06 16:03:55

Folks- can I give you a hypothetical to look at. If you buy something for say €95 ex-Vat and retail it for €129 inc Vat (end user price)- what's your profit on that? Take into consideration Vat that needs to be paid to the government and anything else I may not be aware of. I know this is a really simple obvious question…

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06-09-2012 5:03pm

#1

Kintarō Hattori

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Folks- can I give you a hypothetical to look at.

If you buy something for say €95 ex-Vat and retail it for €129 inc Vat (end user price)- what's your profit on that? Take into consideration Vat that needs to be paid to the government and anything else I may not be aware of.

I know this is a really simple obvious question but I need to have someone else confirm that I'm not mad and that my figures aren't wrong.

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#2 06-09-2012 5:12pm
Gurgle

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The way I figure it:
Retail price is 123% of you sale price, ie. sale price + 23% VAT.
1% is €129 / 123 = €1.0488
So your sale price is this by 100 = €104.88
Profit is €9.88

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#3 07-09-2012 10:44am
Kintarō Hattori

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Well it seems I wasn't factoring into my equations: staff costs, credit card charges, a percentage for returns and a few other factors.

Many thanks.

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