AAT Level 2 Module 1 - Exercise 6

Hi there,

I'm stick on an exercise right now and I want to know how I can get to the figure shown in the image which is 519.29

The figure I get to is 546.63 after calculating the VAT for the net goods amount which is 3,123.60

Please help.

Thanks,

Gareth

Comments

  • mergenmergen Just Joined Registered Posts: 87
    The image that you have attached shows how. Look at the bottom where the arrow is.
  • gareth1985gareth1985 Registered Posts: 24
    Thanks for the quick reply.

    Okay only just found out that you have to calculate a 5% cash discount off the net goods total which is 3,123.60 to get the £156.28 figure. After that the rest was straight forward and I got the same answer as in the image :)

    I'm guessing you would only calculate a 5% cash discount off a net goods total if the payment is over 14 days?





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