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Really Simple Sums Question

  • 06-09-2012 4:03pm
    #1
    Kintarō Hattori
    Registered Users, Registered Users 2 Posts: 15,063 ✭✭✭✭


    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.


Comments

  • #2
    Gurgle
    Closed Accounts Posts: 5,058 ✭✭✭Gurgle


    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


  • #3
    Kintarō Hattori
    Registered Users, Registered Users 2 Posts: 15,063 ✭✭✭✭Kintarō Hattori


    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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