The amount of a shirt is 79.99 that inclusive work out the VAT exclusive price?
The VAT rate in most countries is usually a percentage of the inclusive price, so to work out the VAT exclusive price, we need to first calculate the amount of VAT added to the inclusive price.
In this case, assuming a VAT rate of 20%, we have:
VAT amount = 79.99 x 20% = 15.998
To find the VAT exclusive price, we need to subtract this VAT amount from the inclusive price:
VAT exclusive price = 79.99 - 15.998 = 63.992
Therefore, the VAT exclusive price of the shirt is 63.992.