Wholesaler bill help.....

[sythai]

Evening chaps....

Only just realised that if I pay my wholesaler bill before end of the month then I get it 2.5% cheaper.

Just trying to work out my calculations but brain not switched on - help please :

Total Amount due = £2065 inc vat

I need to take off vat at 20%, then take off 2.5% discount, then add VAT back on at 20%....... should be around £50'ish cheaper

Thank you,

Sy:aureola:

 

[Octopus]

Who is your wholesaler?

2.5% is about £51.00

 

[telectrix]

to put it simply, it's about 18 pints.

 

[Octopus]

or 8 gallons of diesel

or less than 2 bottles of decent malt!

 

[Amp David]

£1720.83 without the vat

£43.02 is 2.5% of the above amount

Pretty sure this is how its done, its how i work out my discounts and always seems to work

 

[jeremy]

Multiply by 0.975 to get your discounted gross. The discount is taken off your nett but you pay proportionately less VAT, so only one calc needed to pay the bill. Receipt should mirror this. Hope this helps.

 

[sythai]

Who is your wholesaler?

2.5% is about £51.00

Just a local one called C&S

 

[sythai]

£1720.83 without the vat

Hi David..... just wondering what calc you used to get that figure please ?

 

[Amp David]

100/120 = 0.8333333

0.8333333 x 2065 = 1720.83

 

[BigSi]

I get the same. Wanted to buy some tools in cash, but they put it on my account, then showed it as paid when I gave them the cash, and because I paid my bill early they discounted 2.5%!!!

 

[mayfair]

If its CEF then they probably put 20% on in the first place..IMA no offence intended etc

 

[mogga]

as soon as I read the OP lead line I thought he may have had a SHOCKEROONIE from CEF lol