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VAT and Discount Calculation

  1. #1
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    VAT and Discount Calculation

    Im trying to write a small spreadsheet to calculate Discounts then add VAT.
    the sheet I have written doesn't seem to work.

    Here what I have so far
    STAFF
    COST PRICE 100
    % TO ADD =B2*0.1
    TOTAL + VAT =(B2+B3)*0.175
    FINAL COST =B2+B4

    Which gives

    STAFF
    COST PRICE 100
    % TO ADD 10
    TOTAL + VAT 19.25
    FINAL COST 119.25



    Which isn`t the expected answer.

    Many thanks in advance.

  2. #2
    Forum Expert daddylonglegs's Avatar
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    What result(s) do you expect/want?

  3. #3
    Forum Expert royUK's Avatar
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    Are you adding 10%?

    =B2+(B2*0.1))*1.175
    Hope that helps.

    RoyUK
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  4. #4
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    Quote Originally Posted by royUK
    Are you adding 10%?

    =B2+(B2*0.1))*1.175
    Yes trying to have it show Cost then adding percentage in this case 10%
    then adding vat.

  5. #5
    Forum Expert daddylonglegs's Avatar
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    If you want the steps broken down, as per your example then just change B5 to

    =SUM(B2:B4)

    or in one shot, Roy's suggestion should give the same result but I think he missed out a parenthesis, try

    =(B2+(B2*0.1))*1.175

    or

    =B2*1.1*1.175

  6. #6
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    Many thanks for that, works now for some reason couldnt see what I was doing wrong.

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