I need to know how much we all paid and how much is 17 and 1/2 percent VAT. Is it add or times or is all of the formulas.
VAT is a tax, like sales tax.
The VAT rate is 17.5%.
You can determine the total in two ways.
2000 * .175 = 350
2000 + 350 = 2350
Express the VAT as a factor which represents the increase to the total price.
17.5% would be expressed as a factor: 1.175
2000 (1.175) = 2350