09-04-2019 03:53 PM
I'm due to upgrade soon and will be using my EE perk 20% discount. I'm looking at the iPhone XR 64gb at a cost of £63 per month.
I'm trying to work out how much I'll be paying with the discount. Am I right that I have to deduct VAT first then deduct the 20% Discount and re-ad VAT?
Solved! See the answer below or view the solution in context.
09-04-2019 04:51 PM - edited 09-04-2019 05:01 PM
VAT is not 20% of final cost; it is 20% of price before VAT is added.
So your calculation is way out as well as being long-winded. You don't need to go around subtracting & adding VAT. Multiplication is cumulative!
The price with the discount is simply £63 - 20% = £50.40.
by CraigD14 Thursday