rounding total values including and excluding tax

rounding total values including and excluding tax, Need advise on what approach to follow.

We have 2 items:

Total payable value:

Item 1 costs: 4.29

Item 2 costs: 12


For item 1 is: 5%

For item 2 is: 12.5%

Ex Vat (calculated from Total value):

Item 1: 4.0857

Item 2: 10.6667

Now the calculations will go:

Item 1: 4.0857 * 5% = 0.204285 (rounded to 2 digits decimal - 0.20)

Item 2: 10.6667 * 12.5% = 1.3333375 (rounded to 2 digits decimal - 1.33)

Total for basket = 16.29 (as ex vat value is calculated from total value)

Total from [login to view URL] + taxes: 4.0857 + 0.204285 + 10.6667 + 1.3333375 = 4.289985 + 12.0000375 = 16.2900225 (rounded to 2 digits: 16.29)

If I loose the precision on calcs (for example I calculate tax value from 2 digit decimal number, ex 4.09 * 5%), it will create chain reaction which will enlarge total value to 16.30 (after rounding), so it will create another set anomalies that will affect total value as well.

Anyone has a good idea?

Kemahiran: Perakaunan, Kewangan, Data Analysis, eDagang, Troli Beli-belah

Tentang Klien:
( 1 ulasan ) Farnborough, United Kingdom

ID Projek: #33731989

15 pekerja bebas membida secara purata £24 untuk pekerjaan ini


Hello, I will be glad to assist you with that. I am an experienced Financial Analyst and Excel expert holding years of experience in Financial Analysis, Financial Modeling and Corporate Finance. Lets discuss your proje Lagi

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Hi, Dear Employer, I am a Ph.D. backgrounder professional in Finance and professionalization with Finance ✔R programming ✔SPSS Statistics ✔Statistical Analysis. I have worked on several similar projects in freelancer. Lagi

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Hi there, I'm Chartered Accountancy student and I deal with such kind of calculations every day. I've expertise in tackling with such tricky figures as is my field. Do hit me up to discuss details. Looking forward to h Lagi

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Apply from the beginning, the recounting formula in the value of the cost. Item 1 Item 2 Costs 4,09 10,67 % - Tax 5,0% 12,5% Tax 0,20 1,33 Total Lagi

£27 GBP dalam 40 hari
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It just easy to fix with some basic vat concept. When you know how vat work, this problem can solve in a minute.

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Prefect fit, as i love diddling with numbers in excel. Prior experience in doing similar functions.

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