Hey everyone,
I'm working on calculating VAT for my business transactions and could use some guidance. Here's the scenario: I've got a product priced at $50, and the VAT rate is 20%. I need to figure out the total price including VAT
southafricanvatcalculator.co.za. Would it be correct to add 20% of $50 to $50, making it $60? Or is there a different method I should be using? Also, if I need to reverse calculate to find the base price from the total price including VAT, how would I do that? Any insights or tips would be greatly appreciated!
Thanks in advance!
