Calculations

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manohar (Querist)
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18 June 2012 sir
any one can help me to find out this calculation
800,000x16%=128,000/-
800,000/16%=5,000,000/-
the second line calculation what is it mean
please help me

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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19 June 2012 The second calculation is called grossing up.

Calculation is as under:

8,00,000*100/16

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CA.Pujah

CA.Pujah (Expert)
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19 June 2012 To tell u illustratively,if the rate is simple interest rate,
Ist calculation is to find out how much interest you will get if u invest 8 lacs @16%.
and for second calculation, it is like you want to find how much to invest if you want 8 lacs @16% simple interest rate.

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