Hey,there appears to be an error in your working. The Example A & B have the same selling price. The difference of 1688, though it is correct does not get reflected in your working.
In this article you have given two examples, Example A and Example B. I think there is some mistake in Example B, as i could not make out the difference amount of Rs 1688 which you say is overcharged. How do you get this 1688 ?
Hi, There seems to be an error in the last three steps of "Example B". The 12.5% VAT should be calculated for 12,120, not 13,620. 13,620 is the value for Example A. Due to the error both the Examples end with a final selling price of 15,323.
Hello, Either i did'nt understand the colummn or there is a mistake. Both Trader I & II have the same final sale price. So how can Trader I be overcharging. I beleive the Sale price taken for Trader II is a wrong figure. Pls clarify. Regards Andy
