10:16 Unless the invigilator was using the incorrect figures... Otherwise the invigilator forgot to make corrections by subtracting the 10% Trade Discount of £312.50 from the Net price of £3125. So that the correct Net price amount after the trade discount would have read £2812.50 to be used to work out the correct VAT amount to which should have read £562.50 vat plus net price of £2812.50 equals Invoice Total: £3,374.50. 10:16
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Thank you very much .. this is very useful
10:16 Unless the invigilator was using the incorrect figures... Otherwise the invigilator forgot to make corrections by subtracting the 10% Trade Discount of £312.50 from the Net price of £3125. So that the correct Net price amount after the trade discount would have read £2812.50 to be used to work out the correct VAT amount to which should have read £562.50 vat plus net price of £2812.50 equals Invoice Total: £3,374.50. 10:16