How does vat work in France?

How to work a profit out if i must still pay vat and claim vat?

• My supplier ask me 5000 excl vat , vat is 14% so I must pay 5700 he ask the public 7000 incl vat. I still need to claim vat and pay vat back to the receiver of revenue I would like to sell to the public for 6900 incl vat please show me what my profit will be after vat and as well a sample for me to do it myself in future

• Answer:

  For your profit you should be ignoring VAT. Vat is just collected and paid, less purchase VAT. to the IR. You buy for 5000 +VAT 700=5700 You sell for 6900 incl vat. That is 6900/114*100=6052+ VAT 848=6900 So you collect 848 and pay away 700=148 you give to the VATman. Profit is 6900 less 5000=1900 (38%)