Reply to post: Re: Not even parity

Lights, camera, camera, camera, action: iPhone, iPad, Watch, chip biz in new iPhone, iPad, Watch, chip shocker

Alien8n Silver badge

Re: Not even parity

It's amazing how many people don't understand the concept of VAT (*cough* ex IT boss *cough*)

Sales Price = Cost Price x (1 + VAT Rate)

or

Sales Price = Cost Price + (Cost Price x VAT Rate)

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