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Error in calculation?
by Vibes on May 11, 2005 11:04 AM   Permalink

Hi,
There seems to be an error in the last three steps of "Example B". The 12.5% VAT should be calculated for 12,120, not 13,620. 13,620 is the value for Example A. Due to the error both the Examples end with a final selling price of 15,323.

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How VAT works