How do I calculate nbt Ex: 269500 NBT Value is 5497.80 How did it came

asked Dec 1, 2016 in NBT by Suranga

2 Answers

0 votes
answered Dec 2, 2016 by wmthushara (3,810 points)
269,500/98*2 = 5,500
commented Oct 31, 2017 by anonymous
if the NBT rate is 2% why calculated due amount by using 2/98 formula?
0 votes
answered Feb 14, 2017 by Arunmaran
You have to consider the effective rate!

2.04

Eg: Your selling price = Rs.100

Calculating 2% NBT = 100/98 * 2 = 2.04081632652

Rounding this to two decimal will resulted in = 2.04%
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