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| Thread ID: 112882 | 2010-09-25 21:14:00 | Net of GST | Bryan (147) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1139589 | 2010-09-25 21:14:00 | With 12.5% gst, if you divide the gross by 9 you get net of GST. Now we are going onto 15%, what do you divide by now? IRD says, multiple by 3 and divide by 23. Shishhhhhh! must be an easier factor. Anyone got any idea please? |
Bryan (147) | ||
| 1139590 | 2010-09-25 21:21:00 | Good question - I don't know there is any easy way around it. But I recall that the reason 12.5% was chosen was that it was the simplest whole number calculation. :2cents: |
WalOne (4202) | ||
| 1139591 | 2010-09-25 21:28:00 | X the price by 1.125 is the correct and fastest way to calc current GST X the price by 1.15 for new GST So $100 x 1.15 = $115 |
Battleneter2 (9361) | ||
| 1139592 | 2010-09-25 21:29:00 | I think it is calculated on the one leg and both arms theory | gary67 (56) | ||
| 1139593 | 2010-09-25 21:38:00 | With 12.5% gst, if you divide the gross by 9 you get net of GST. Now we are going onto 15%, what do you divide by now? ? Sure. Deduct 15%. It's so easy you don't need any weird divide by anythings. |
pctek (84) | ||
| 1139594 | 2010-09-25 21:42:00 | 15% off goods sold at $100 +GST ($115) - does not go back to $100. Ken |
kenj (9738) | ||
| 1139595 | 2010-09-25 22:30:00 | 7.66666666 You need 8 6's to get the required precision. | wotz (335) | ||
| 1139596 | 2010-09-25 22:57:00 | Oh boy! What does this say about the standard of math education in NZ!! | Jayess64 (8703) | ||
| 1139597 | 2010-09-25 23:06:00 | Isn't that what calculators are for? :p | SoniKalien (792) | ||
| 1139598 | 2010-09-26 00:16:00 | 15% off goods sold at $100 +GST ($115) - does not go back to $100. Ken 115 / 1.15 = 100 :) |
pcuser42 (130) | ||
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