How VAT Works: Adding and Removing It, and Sales Tax Compared
To remove 20% VAT you divide by 1.2, not subtract 20%. Follow the formulas, a supply-chain example, and a comparison with sales tax.
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To remove 20% VAT you divide by 1.2, not subtract 20%. Follow the formulas, a supply-chain example, and a comparison with sales tax.
Percent error tells you how far a measurement is from the accepted value, relative to that value. Here is the formula, two worked examples and the usual traps.
APR and APY are two ways to quote the same rate. One ignores compounding and one includes it, and mixing them up can make a worse deal look better.
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