How to work out an invoice total with VAT
Build an invoice in steps: line totals, the net total, VAT at 20% and the gross total the customer pays.
Task 1Line totals and the net total4 questions
Larkfield Ceramics makes mugs and plates and sells them on credit to shops and cafés. Each invoice is built up in steps.
- Unit price
- the price of one item, before VAT
- Line total
- the quantity times the unit price
- Net total
- all the line totals added together
| Description | Quantity | Unit price |
|---|---|---|
| Stoneware mugs | 40 | 4.50 |
| Dinner plates | 25 | 6.00 |
Task 2Adding the VAT4 questions